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[The total capital expenditures of the top five U.S. giants including Microsoft are expected to reach US$4.2 trillion in the four years to 2029] September 24th, according to statistics from the financial data platform FactSet, the total capital expenditures of the five ultra-large-scale cloud vendors, Alphabet, Amazon, Meta, Microsoft and Oracle, are expected to reach an astonishing US$4.2 trillion in the four years to 2029. What is even more alarming is that the proportion of this huge expenditure raised through bond issuance is constantly rising.
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