Big 5 AI ‘hyperscalers’ have quadrupled their use of debt to fund operations, Bank of America says

fortune.com/2025/11/19/big-5-ai-hyperscalers-quadruple-debt-fund-ai-operations

Amazon, Google, Meta, Microsoft, and Oracle are increasingly funding their operations through debt, according to Bank of America analyst Yuri Seliger. This year, these five “hyperscalers” have issued $121 billion in debt, including $27 billion alone to fund Meta’s new data center in…

This story appeared on fortune.com, 2025-11-19 11:41:56.
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