Apollo Warns: The Credit Logic of Hyperscale Cloud Providers Hinges on a $2 Trillion Cash Flow "Gamble"

Zhito Finance APP has learned that Torsten Slok, Chief Economist at Apollo Global Management, recently released a report warning about the credit outlook for hyperscale cloud service providers. He pointed out that the credit narrative of these five tech giantsAlphabet, Meta, Amazon, Microsoft, and Oracleis built on a forecast widely accepted by the market: that their combined operating cash flow will triple from about $600 billion to $2 trillion. However, whether this forecast can be realized is becoming a core issue hanging over the global credit market.