Seems like there's lots of warnings about equity bubbles, bond/debt problems, economic issues that will affect inflation (UK/EU), and gold is mega high. Seems like everywhere you look it's doom?
also really surprised that tech companies have more debt than cash on hand. would be really interesting to know how apple fares in this comparison too.
I’ve read Mr. Zitrons articles and recently exited a 10 year old position I held with Nvidia due to his analysis, but this part of the article was news to me
> The investment requirements are so large that equity financing alone won’t do. The balance sheets of many of the major players have been altered significantly. Looking at Meta’s annual statement before ChatGPT was released to the public in November 2022, it had over three times as much cash as debt on its balance sheet. Last quarter it had 15% more debt. Microsoft had 30% more cash than debt pre-ChatGPT. Now it has almost 20% more debt. Amazon, which has traditionally had a more leveraged balance sheet, now has over 50% more debt than cash
I was still under the impression that all the faangs had more cash than liabilities, I wasn’t aware that had flipped
Any ideas of where to invest just now?
Seems like there's lots of warnings about equity bubbles, bond/debt problems, economic issues that will affect inflation (UK/EU), and gold is mega high. Seems like everywhere you look it's doom?
interesting that no mention of nvidia in there?
also really surprised that tech companies have more debt than cash on hand. would be really interesting to know how apple fares in this comparison too.
As A.I. Companies Borrow Billions, Debt Investors Grow Wary https://www.nytimes.com/2025/12/26/business/ai-debt-investor...
https://archive.is/mwmia
Can't get past the paywall but who the F already didn't know this for over a year? Go read Ed Zitron, Bloomberg, you're drunk.
I’ve read Mr. Zitrons articles and recently exited a 10 year old position I held with Nvidia due to his analysis, but this part of the article was news to me
> The investment requirements are so large that equity financing alone won’t do. The balance sheets of many of the major players have been altered significantly. Looking at Meta’s annual statement before ChatGPT was released to the public in November 2022, it had over three times as much cash as debt on its balance sheet. Last quarter it had 15% more debt. Microsoft had 30% more cash than debt pre-ChatGPT. Now it has almost 20% more debt. Amazon, which has traditionally had a more leveraged balance sheet, now has over 50% more debt than cash
I was still under the impression that all the faangs had more cash than liabilities, I wasn’t aware that had flipped