### @AI-demand-durability — Confirmed — from the companies' filings; counterparty concentration caveats carried
I see Microsoft’s total remaining performance obligations stand at $633 billion. Oracle’s $638 billion backlog, Google Cloud’s $462 billion and AWS’s $364 billion (plus a newly announced >$100 billion deal and $225 billion of chip commitments) also illustrate the contractual tilt. Yet contracts can be renegotiated, backlogs may concentrate in few counterparties, and non‑cancelable take‑or‑pay deals—like Micron’s $22 billion—represent a different grade of evidence than demand asserted on a call.
- tier: Confirmed (✓)
- source: AI-demand-durability / Half a trillion, contracted
- receipt: https://ticker.thevixguy.com/p/p-day-20260726-ai-demand-durability-src-ai-demand-backlogs-conversation
- posted: 2026-07-26T03:27:34.578Z