Debt doesn't matter. Until it does.
France's 10-year bond yield has surged above 5%, the highest since 2002, while its borrowing cost premium over Germany has reached levels last seen during the European debt crisis.
Years of reckless deficit spending are finally catching up.
Debt of the biggest AI companies:
Amazon $AMZN: $132B
Oracle $ORCL: $125B
Alphabet $GOOGL: $123B
Meta $META: $84B
Broadcom $AVGO: $65B
Intel $INTC: $51B
Microsoft $MSFT: $40B
CoreWeave $CRWV: $36B
Dell $DELL: $35B
This is only bonds and loans.
Data center leases that have not started yet add $329B for Microsoft, $288B for Oracle and $279B for Meta.
Can the AI build keep running on debt?
"Debt is becoming a global issue," Managing Director, @IFC_org, @Diop_IFC, discusses geopolitics, and the increase in price of fossil fuels and its adverse affects on macroeconomics.
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