Nine tech giants carry $3 trillion in off-balance-sheet AI obligations, a figure triple their reported debt and nearly double a July estimate of $1.65 trillion.
Deferred depreciation could exceed $520 billion over three years, pushing Oracle's revenue share from 7% toward 28% and Meta's from 9% toward 19%.
Meta hides $27 billion in Hyperion data center debt by making Blue Owl Capital the majority owner while Meta serves only as tenant.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Every bull market eventually asks investors to squint past a number they'd rather not look at. In 2000, it was cash burn rates at dot-coms with no revenue. In 2008, it was mortgage-backed securities ****** ody could quite value. Today, it's the financing behind the AI buildout -- and specifically, how much of it never shows up on a balance sheet at all.
#sheet #billion #toward
Deferred depreciation could exceed $520 billion over three years, pushing Oracle's revenue share from 7% toward 28% and Meta's from 9% toward 19%.
Meta hides $27 billion in Hyperion data center debt by making Blue Owl Capital the majority owner while Meta serves only as tenant.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Every bull market eventually asks investors to squint past a number they'd rather not look at. In 2000, it was cash burn rates at dot-coms with no revenue. In 2008, it was mortgage-backed securities ****** ody could quite value. Today, it's the financing behind the AI buildout -- and specifically, how much of it never shows up on a balance sheet at all.
#sheet #billion #toward
20 days ago
