MoneyFinancial Times Technology
KeyRank 72The huge lurking leverage of AI hyperscalers
As AI hyperscalers race to build compute capacity, they've accumulated massive operating leases on data centers. Credit markets are now pricing in refinancing and covenant risk that equity investors have largely ignored — a material shift in how the AI buildout is being financed and how risky it looks from a balance-sheet perspective.
Oct 12 – 18, 2026
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