# S&P Global Warns of Hidden AI Debt at Hyperscalers

> S&P Global says tech giants may hide AI debt risks as spending surges.
- Title: S&P Global Warns of Hidden AI Debt at Hyperscalers | Shortify
- Summary: S&P Global says tech giants may hide AI debt risks as spending surges. S&P Global warns hyperscalers could carry hidden AI debt risks as spending on data…
- Keywords: s p global, ai debt, hyperscalers, ai spending, data centre spending, coreweave, nvidia, s p 500, money, business, Global, Warns
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/sp-global-flags-potentially-hidden-ai-debt-at-hyperscalers-as-ai-spending-surges/articleshow/135054758.cms
- Published: 2026-10-19T18:19:00+00:00
- Read time: 1 min
- Topics: s p global, ai debt, hyperscalers, ai spending, data centre spending, coreweave, nvidia, s p 500, money, business
## S&P Global flags hidden AI debt risks
S&P Global warned the world's biggest technology companies could be carrying more AI linked liabilities than visible as AI infrastructure spending grows.

> it is safe to assume that there is more (debt) out there that we are not seeing
## Mark Habib explains debt visibility
S&P Global's Head for Digital Infrastructure said liabilities might not appear on balance sheets due to complex financing arrangements.

> if it's not reported then it's not part of the disclosure by the hyperscalers
## AI buildout creates financing stress
Nvidia-backed CoreWeave faces debt pressure as investors assess if ai buildout returns justify aggressive borrowing.
## Hyperscalers to spend $7 trillion on ai
S&P expects the six biggest us hyperscalers to spend over $7 trillion on data centers and ai capital expenditure between 2025 and 2030.
## Free cash flow remains negative
Hyperscalers' free cash flow will stay negative until at least next year as ai investments convert slowly to revenue.
## S&P downgraded Oracle to BBB
S&P downgraded oracle to the lowest rung of investment grade in july citing ai spending and uncertain profitability.
## S&P says ratings won't change soon
S&P says current ai debt risks don't warrant rating changes but could shift if spending becomes unsustainable.

> for now we don't have the view that there is a major disconnect that needs to force our ratings to change at this point
## Key takeaway

S&P Global warns hyperscalers could carry hidden AI debt risks as spending on data centers and AI infrastructure grows.