Barclays: Big Tech AI Fundraising Doubles to $346 Billion

Key Facts

1Capital raised by hyperscalers and data centers through debt and equity rose from $172 billion in 2025 to $346 billion so far this year.

2Barclays noted widening credit spreads and rising credit default swap (CDS) spreads alongside the fundraising surge.

Capital raised by hyperscalers and data centers through debt and equity rose to $346 billion so far this year. Barclays reported that this figure represents a doubling of the $172 billion raised in 2025, driven by the massive capital requirements for artificial intelligence infrastructure.

Barclays noted widening credit spreads and rising credit default swap (CDS) spreads alongside the fundraising surge. In equity markets, BCS closed at $24.49 on September 29, 2026, as rising credit risk indicators suggest market caution regarding elevated debt levels among major tech entities.