Key facts
- Tech companies are increasingly using debt and equity to fund AI and cloud expansion.
- Combined spending by tech giants is set to exceed $730 billion this year.
- Meta Platforms plans to raise up to $95 billion through stock offerings.
- SpaceX closed $40 billion in debt financing for AI chips and servers.
- Amazon.com is looking to raise at least $25 billion from the US bond market.
- Nvidia will raise $25 billion through a US bond issuance.
Major technology companies are increasingly turning to debt and equity markets to finance their expansion in artificial intelligence infrastructure and cloud computing, a departure from their historical reliance on internal cash. This shift comes as combined spending by tech giants is projected to exceed $730 billion this year, up from previous estimates. Bridgewater Associates noted in February that the AI boom has entered a 'more dangerous phase' due to rising investments in physical infrastructure and increased reliance on outside capital.