The world’s largest tech companies are vastly understating the economic risk tied to their data center leasing deals, according to a new report from Moody’s Ratings.
At least half a trillion dollars in data center lease commitments are invisible in tech giants’ financial reporting, and the actual volume of this phantom spending is likely far higher.
The vast sums being spent by Amazon, Microsoft, Google, Meta and Oracle
on building and leasing data centers and other infrastructure to
support artificial intelligence are some of the most scrutinized metrics
in global finance. But according to Moody’s,
hyperscalers are using accounting practices that allow them to keep the
majority of their data center leasing commitments off their balance
sheets and invisible to investors...
RSK: This will rear its ugly head at a sale or when the lease expires it expires, leaving some one to explain.
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- - Volume: 26 - WEEK: 10 Date: 3/3/2026 3:47:09 PM -