Big 5 AI ‘hyperscalers’ are increasingly using debt to fund their operations, Bank of America says

Big 5 AI ‘hyperscalers’ are increasingly using debt to fund their operations, Bank of America says

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 Richland Parish, Louisiana, Seliger said in a research note dated November 17. Amazon also issued $15 billion in new debt on November 17. To put that $121 billion in…