Big Tech money promised off the books: $3.82T

Stressed · 3.3× the $1.16T of debt they report · operating cash flow a year: $1.37T (2.8 years of it) · contracted backlog: $2.98T at the 33 that report it · largest: GOOGL $1.06T, META $817B, NVDA $442B · 53 companies (the top 10 and the AI / tech list, banks left out)

Companies/Indices · Briefing · SEC filings · 8 Nov 2026