Key points
Total hyperscaler capital expenditure vs gross debt issued ($bn) ｜ Capex of ~$733bn in 2026 dwarfs $250bn of debt, rising toward $1.15tn by 2030
Image source: @pequityresearch
2026-11-09
Hyperscaler Capex Far Outpaces Gross Debt Issuance, ~$733bn in 2026