hyperscalers

Microsoft’s $678B backlog fuels AI optimism amid capex scrutiny

Microsoft closed its fiscal 2026 fourth quarter with Azure and other cloud services growing 43% year-over-year, pushing the unit past $100 billion in annual revenue for the first time. The milestone, reported on July 29, has reshaped the competitive landscape…

Fund managers rank AI spending as top credit risk

The largest technology companies are on track to spend between $725 billion and $760 billion on capital expenditures in 2026, a historic acceleration driven almost entirely by artificial intelligence infrastructure. But as the commitments grow, so do warnings from Wall…

UBS warns hyperscaler AI spending may outpace cash flow this quarter

The largest technology companies are spending at a pace that now exceeds the cash their businesses generate, forcing investors to ask a question that was once heretical during the AI boom: is this sustainable?

Goldman Sachs warns of ‘brutal’ moves in AI bond market

The largest technology companies in the world have collectively issued around $244 billion in bonds so far this year, creating what Goldman Sachs The Goldman Sachs Group, Inc. is calling a stress point for global credit markets even as stock…

AI-linked bond sales hit $220B in 2026, up 62% from last year

Companies have sold roughly $220 billion of AI-linked bonds across currencies so far in 2026, a 62% increase from all of 2025, according to Bank of America data, as technology giants pour unprecedented amounts of capital into artificial intelligence infrastructure.