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REDDIT

Nikkei Investigation Finds $1.65 Trillion In Off-Balance-Sheet Commitments Across Five Major Tech Companies

A
Jul 21, 2026 · 19:05

How is this not bigger news?

A Nikkei Asia investigation estimates that Alphabet, Microsoft, Amazon, Meta and Oracle have around $1.65 trillion in offbalance-sheet obligations tied largely to the AI infrastructure boom, more than their reported balance-sheet debt.

I can't find many major outlets covering this yet. Is the study being overlooked, or is the headline more sensational than the actual accounting?