{"id":41153,"date":"2026-05-16T23:56:00","date_gmt":"2026-05-16T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=41153"},"modified":"2026-04-26T11:03:13","modified_gmt":"2026-04-26T03:03:13","slug":"top-10-ai-corp-capex-debt","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2026\/05\/16\/top-10-ai-corp-capex-debt\/","title":{"rendered":"Top 10 AI corp CapEx, debt, and FCF"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/05\/16\/top-10-ai-corp-capex-debt\/#Reasons_of_YTDs_Stock_Market_Volatility\" >Reasons of YTD&#8217;s Stock Market Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/05\/16\/top-10-ai-corp-capex-debt\/#Top_10_AI_corp_CapEx_debt_and_FCF\" >Top 10 AI corp CapEx, debt, and FCF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/05\/16\/top-10-ai-corp-capex-debt\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_of_YTDs_Stock_Market_Volatility\"><\/span>Reasons of YTD&#8217;s Stock Market Volatility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>AI continues to dominate the US stock market this year. Besides semiconductors, servers, communications, data centers, and even the power and energy sectors becoming market darlings, almost all software stocks have experienced the biggest sell-off since the dot-com bubble.<\/p>\n\n\n\n<p>Major reasons include:<a href=\"https:\/\/www.constellationr.com\/insights\/news\/anthropic-claude-eyes-real-world-impact-industrial-use-cases\" target=\"_blank\" rel=\"noopener\"> Anthropic&#8217;s product line highlighting the impact of AI on various industries<\/a>; the massive spending of cloud service providers eroding profits (as shown in below table), causing investor resentment; the six-year bull market having already overvalued US stocks; and Trump&#8217;s tariff defeat and the US-Israel attacks on Iran further deepening the volatility in the US stock market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_10_AI_corp_CapEx_debt_and_FCF\"><\/span>Top 10 AI corp CapEx, debt, and FCF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>US stock code<\/td><td>2026 Expenditure (USD billion)<\/td><td>New Corporate Bonds (US$1 billion)<\/td><td>Total liabilities (US$ billion)<\/td><td>2026 expected free cash flow<\/td><\/tr><tr><td>AMZN<\/td><td>200(+50%)<\/td><td>57<\/td><td>220.5<\/td><td>Negative<\/td><\/tr><tr><td>GOOGL<\/td><td>185(+100%)<\/td><td>32<\/td><td>79<\/td><td>Negative value or significant reduction of 90%<\/td><\/tr><tr><td>META<\/td><td>135(+87%)<\/td><td>30<\/td><td>58.74<\/td><td>Negative<\/td><\/tr><tr><td>MSFT<\/td><td>105(+66%)<\/td><td>NA<\/td><td>123.3<\/td><td>positive but reduced by 28%<\/td><\/tr><tr><td>ORCL<\/td><td>50(+138%)<\/td><td>30<\/td><td>140<\/td><td>Negative<\/td><\/tr><tr><td>TSLA<\/td><td>20(+134%)<\/td><td>NA<\/td><td>14.72<\/td><td>Negative<\/td><\/tr><tr><td>APPL<\/td><td>14(+10%)<\/td><td>4.5<\/td><td>90.51<\/td><td>$119 billion<\/td><\/tr><tr><td>NVDA<\/td><td>8.8(+159%)<\/td><td>3.8<\/td><td>10.48<\/td><td>$105 billion<\/td><\/tr><tr><td>TSM<\/td><td>56(+80%)<\/td><td>20<\/td><td>31.7<\/td><td>$42 billion<\/td><\/tr><tr><td>SSNLF<\/td><td>73(+108%)<\/td><td>NA<\/td><td>18<\/td><td>$68 billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"149\" height=\"90\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2026\/05\/top_10_AI_corp_CapEx-Custom.jpg\" alt=\"Top 10 AI corp CapEx, debt, and FCF\" class=\"wp-image-41159\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/04\/21\/ai-fear-selloff-overblown\/\">AI fear selloff is overblown<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/30\/ai-strategy-are-shifting\/\">Tech giants&#8217; 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I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Top 10 AI corp CapEx, debt, and FCF and the Reasons of YTD&#8217;s Stock Market Volatility.<\/p>\n","protected":false},"author":1,"featured_media":41159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181,104,321,388],"tags":[],"class_list":["post-41153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt","category-artificial-intelligence","category-bond","category-free-cash-flow"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/41153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=41153"}],"version-history":[{"count":7,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/41153\/revisions"}],"predecessor-version":[{"id":41804,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/41153\/revisions\/41804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/41159"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=41153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=41153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=41153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}