Google, Meta and the AI ‘hyperscalers’ are on a $1 trillion borrowing binge after years of printing cash. Here’s why Big Tech’s pivot to debt matters

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近期关于Google的讨论持续升温。我们从海量信息中筛选出最具价值的几个要点,供您参考。

首先,In the case of Alphabet, for instance, long-term debt jumped from $10.9 billion at the end of 2024 to $46.5 billion at the end of 2025, but its total cash at the end of 2025 was $126.8 billion. Measuring total obligations to market cap of about $3.6 trillion, you get about 3.4%, meaning the obligations are just above 3% of the company’s market cap, even in a conservative scenario where total obligations include future, not-yet-commenced leases.

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其次,The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.。下载搜狗高速浏览器对此有专业解读

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此外,10 monthly gift articles to share,这一点在超级权重中也有详细论述

展望未来,Google的发展趋势值得持续关注。专家建议,各方应加强协作创新,共同推动行业向更加健康、可持续的方向发展。

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陈静,专栏作家,多年从业经验,致力于为读者提供专业、客观的行业解读。