Charted: Hyperscaler cash grab
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The hyperscalers — Alphabet, Amazon, Meta, Microsoft and Oracle — have raised $326 billion so far this year in their race to dominate the AI space by issuing new stock and bonds, per data compiled by S&P Global Market Intelligence.
Why it matters: It's a ton of dough — more than three times as much as in 2025, which was already a record year.
Zoom in: Meta is still going — earlier this week the company said it planned on issuing up to nearly $100 billion more in equity through the first quarter of next year.
Yes, but: Oracle, on the other hand, appears to be slowing its roll. Yesterday it told investors that it expects capital spending to peak over the next two fiscal years and that it would limit additional fundraising to $20 billion through 2030.
