Business · Markets · 1 hr ago
AI spending and leadership changes shake major technology stocks
Major technology companies are borrowing heavily to expand AI as they build infrastructure such as data centres.
Alphabet, Amazon, Microsoft, Meta and Oracle issued $271 billion in bonds this year, and their long-term debt and related liabilities total about $1 trillion.
Investors are questioning whether the spending will pay off, and concerns about debt, data-centre opposition and complicated business ties have added to market volatility.
Nvidia’s market value fell 31% to below $4 trillion in a few weeks, mainly after a crisis and the departure of chief executive Jensen Huang.
The company still has strong reported results, and it has authorised large share buybacks, but analysts say its leadership style needs to become less dependent on one person.
Apple has regained the lead in global market value, with new chief executive John Ternus taking charge of a business that is developing new products and growing its services.
The outlook for technology stocks remains uncertain as investors weigh the potential of AI against the cost of its expansion.
Major technology companies are increasing investment in artificial intelligence, raising concerns about costs, debt and returns.
Alphabet, Amazon, Microsoft, Meta and Oracle issued $271 billion in bonds this year to finance AI expansion, according to Expansión.
Nvidia’s market value fell from $5.8 trillion to less than $4 trillion in a few weeks, amid a crisis and the departure of chief executive Jensen Huang.
Apple’s new chief executive, John Ternus, is leading a company preparing products including foldable devices and artificial intelligence services.
- Who
- Major technology companies, including Alphabet, Amazon, Microsoft, Meta, Oracle, Nvidia and Apple.
- What
- AI spending and leadership changes are contributing to market volatility and scrutiny of technology stocks.
- When
- The article was published on November 14, 2026; it also refers to events during this year.
- Where
- Not stated
- Why
- Investors are questioning the cost and profitability of large AI investments, while Nvidia’s decline is linked mainly to the crisis and departure of Jensen Huang.
This story does not have two clearly opposing sides.
Alphabet, Amazon, Microsoft, Meta and Oracle issued $271 billion in bonds to finance AI expansion.
Nvidia announced a $150 billion share buyback programme.
Nvidia’s market value fell from $5.8 trillion to less than $4 trillion.
- AI bond issuance
- $271 billion by Alphabet, Amazon, Microsoft, Meta and Oracle this year
- Long-term debt
- $1 trillion, including leases and other liabilities
- Nvidia market value
- Fell from $5.8 trillion to less than $4 trillion
- Nvidia share buyback
- $150 billion announced in August
- Apple fiscal-year revenue
- $478.834 billion for the year to September