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Big Tech borrowing for AI data centers is raising credit alarms among investors

7/28/2026

Credit risk, put plainly, is the chance that a borrower takes on more debt than it can comfortably service.

That risk is climbing sharply across major technology companies, as investors grow increasingly worried about a wave of borrowing tied to massive investments in artificial intelligence data centers.

The concern is that spending is accelerating at a pace that may outrun the revenues meant to justify it.

Why the spending is drawing scrutiny A data center is a large facility that houses specialized computing hardware along with the cooling and power systems those machines require.

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