According to CoinMeta, Moody's rating analysts stated that large-scale investments in artificial intelligence could weaken the credit indicators of U.S. hyperscalers in the cloud services industry, but substantial capital buffers could mitigate this pressure. As the growth rate of capital expenditures exceeds that of operating cash flows, the free cash flows of these hyperscalers are expected to decline between 2026 and 2027. With companies such as Meta, Alphabet, and Oracle increasing their bond issuances, leverage pressures are expected to further intensify. However, these hyperscalers possess substantial cash reserves, coupled with growth in revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA), which allows them to sustain high levels of capital expenditures for 12 to 24 months without significantly damaging their credit quality.