Big Tech’s borrowing spree raises fears of AI risks in US bond market
So-called hyperscalers set to dominate US investment-grade corporate credit
So-called hyperscalers set to dominate US investment-grade corporate credit

Debt issued by groups that are borrowing to build vast data centres has been hit in recent weeks

US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

Stocks tumble despite strong earnings reports from most Silicon Valley heavyweights

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

Jumbo debt sales to fund huge artificial intelligence capex threaten to store up new risks for investors

How much AI is the market willing to finance?