Alphabet’s $100B War Chest Vs. Oracle’s Debt Spiral: AI Arms Race Hits Wall Street - Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL)
Benzinga·2025-12-17 19:36

The AI arms race is heating up, and its effects are starting to show up where investors actually care – on the Big Tech balance sheets.According to UBS, global AI capex is now expected to hit $423 billion in 2025, and $571 billion in 2026. By 2030, UBS expects spending to reach $1.3 trillion, implying a 25% compound annual growth rate.Those numbers aren't abstract anymore. They're turning into debt issuance, lease obligations, and quietly rising financial risk. The era of funding AI infrastructure with exce ...