By Debjit Sinha
Publication Date: 2025-11-21 12:51:00
AmazonFacebook, WhatsApp owner Meta, Google parent Alphabet, oracle are aggressively turning to debt markets in their race to build AI-enabled data centers, a shift for Silicon Valley companies that have typically relied on cash to fund their investments. Since September, public bond issuance by four of the major cloud computing and AI platform companies known as “hyperscalers” has reached nearly $90 billion, with Google as the owner alphabet Selling $25 billion in bonds, Meta 30 billion dollars, oracle $18 billion and Amazon, most recently $15 billion, according to Reuters calculations from publicly available data. Only Microsoft, the fifth company, has not entered the debt market in recent weeks.
Investors said they are not too worried so far about the impact of recent fundraising on stock valuations, as these companies remain lightly leveraged relative to their size.
But the sudden surge in government bond issuance has raised questions about the market’s absorptive capacity…
