Major US tech firms are tapping debt markets to fund AI and cloud infrastructure, marking a shift from their usual reliance on cash as they ramp spending into 2026.
Big Tech is expected to spend more than US$600 billion on AI in 2026, up from US$410 billion in 2025.
An analysis by Bridgewater Associates said the boom has entered a “more dangerous phase” marked by growing reliance on outside capital.
Amazon is seeking about US$37 billion in an 11-part bond sale to fund AI infrastructure and the offering attracted about US$126 billion of peak demand.
Salesforce is preparing to raise up to US$25 billion in debt, while Oracle expects to raise US$45 to US$50 billion in 2026 through debt and stock to expand cloud capacity.
Meta filed for up to US$30 billion in bonds to finance AI infrastructure, and Alphabet sold a rare 100-year bond as part of a US$31.5 billion debt raise.
Originally written by: Naomi Li Gan
Source: Tech In Asia
Published on: 11 March 2026
Link to original article: Big Tech taps debt markets to finance AI push
