00:00 Speaker A
The hyperscalers were known for having a lot of cash on hand. Well, they’re spending it just as quickly and in some cases almost faster than they can uh rake it in. So let’s go to the Wi-Fi interactive. I have a chart here. The latest is Nvidia. They’re going to uh tap the debt market for $20 billion. But you can see they’re second to last on this list here, this little chart by dollar amount. Only Super Micro which uh is getting about $7 billion dollars of mixed financing is higher.
00:23 Speaker A
The first one is Alphabet. So Google is hitting up about $85 billion dollars in the capital markets, mainly stocks, I believe. and after that you got Oracle for almost 50 billion, Amazon for 37, Meta for 25 and Nvidia as well. Now, Nvidia doesn’t have, it’s not shelling out the same dollars as say Alphabet or Meta is to buy these products, but they’re loaning companies and taking investments in a lot of companies. So their commitments are really, really cash heavy right now.
00:46 Speaker A
So, I think we’re going to see a lot more of this. This is definitely a trend and we’re going to be watching the spreads on some the bond spreads on some of these smaller ones like especially Oracle, uh Super Micro because that’s where the canaries are.
