Microsoft, Amazon aur Alphabet jaise tech giants musibat mein hain. AI ke chakkar mein **$2.9 Trillion** ka hidden debt samne aa raha hai, jo investors ke liye tension ka bada reason ban gaya hai.
Kya AI ka craze khatre mein hai?
Tech duniya mein ek bada scandal ya risk keh lo, samne aa raha hai. Microsoft, Alphabet, Amazon, Meta, aur Oracle jaise bade players ne AI expansion ke naam par $1.65 Trillion se $3 Trillion tak ke commitments kar rakhe hain. Sabse badi problem ye hai ki ye paisa balance sheet par seedha debt ki tarah nahi dikh raha hai.
Hidden Debt ka khel kya hai?
Ye companies data center leases aur AI hardware ke liye lambe samay ke contracts sign kar rahi hain. Current accounting rules ke hisaab se, jab tak project shuru nahi hota, ye debt footnotes mein chupa rehta hai. Lekin jaise hi kaam shuru hoga, ye sara debt balance sheet par dikhega aur tab balance sheets ka kaafi kharab haal ho sakta hai.
Investors kyon dare hue hain?
Market experts ko darr hai ki agar AI tools ka demand utna nahi badha jitna socha gaya tha, toh ye expensive hardware (GPU) bekar ho jayenge. Isse 'Asset Impairment' ka risk hai, jahan company ka profit bohot tezi se girega.
Oracle par nazar kyun hai?
Oracle is waqt kaafi scrutiny mein hai. Iska debt-to-equity ratio 4x ke aas-paas hai, jo baaki tech giants se kaafi zyada hai. Lenders bhi ab Oracle ko lekar cautious ho rahe hain, jiska asar unke credit default swap spreads mein dikh raha hai.
Investor Lesson:
Ab sirf 'Profit' dekh kar stock mat khareedo. Company ke 'Footnotes' padhna seekho. Ye hidden debt agar balance sheet par aaya, toh stock price mein badi girawat dekhne ko mil sakti hai.