With four of them reporting this week the figure is almost certain to keep climbing. It shows how deep these companies are going to dominate the next tech wave and how much leverage they are willing to take on to get there.
DATA: Off-balance-sheet debt at $GOOG, $MSFT, $AMZN , $META and $ORCL surged eightfold in roughly four years to an estimated $1.65 trillion as AI investment expanded, per Nikkei.
The total now exceeds their combined $1.35 trillion in reported debt and could rise further as four… pic.twitter.com/umu1s4tupu
— Coin Bureau (@coinbureau) July 21, 2026
Semiconductors are now 14% of the market. At the peak of the dot-com bubble, the number everyone points to as peak insanity, they were 8%. We are at almost double that
byu/RobertBartus inEconomyCharts