🚨 AI borrowing is going vertical.
Big Tech issued a record $120B in corporate debt in 2025 to fund AI-related investment.
That’s +500% vs 2024 and more than the previous four years combined.
Amazon $AMZN, Alphabet $GOOGL, Meta $META, Microsoft $MSFT, and Oracle $ORCL are now projected to issue +18% more debt in 2026, taking the total to ~$142B.
In an upside scenario, issuance could reach $317B a +164% YoY surge.
AI isn’t just a tech cycle anymore. It’s a credit cycle. ⚡️📈
Big Tech issued a record $120B in corporate debt in 2025 to fund AI-related investment.
That’s +500% vs 2024 and more than the previous four years combined.
Amazon $AMZN, Alphabet $GOOGL, Meta $META, Microsoft $MSFT, and Oracle $ORCL are now projected to issue +18% more debt in 2026, taking the total to ~$142B.
In an upside scenario, issuance could reach $317B a +164% YoY surge.
AI isn’t just a tech cycle anymore. It’s a credit cycle. ⚡️📈
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