Morgan Stanley predicts global AI debt issuance will reach $570 billion by 2026, driven by major tech companies' capital expansion plans.

AI hyperscalers issued $159 billion in bonds in early 2026, up 47% year-over-year, as Amazon, Microsoft, and peers borrow at historic rates to fund AI

June 10 : Morgan Stanley forecasts AI-related global debt issuance to more than double to nearly $570 billion in 2026, pointing to rising bond supply and credit market activity as…

Tech companies that have long relied on strong cash flows are increasingly turning to debt financing as investment needs surge.<br />Morgan Stanley estimates AI-related global…

Morgan Stanley predicts global AI debt issuance will reach $570 billion by 2026, driven by major tech companies' capital expansion plans.

Amazon secured a $17.5B loan facility for AI infrastructure, adding to $18B in bonds from late 2025, as Big Tech debt levels rise amid a $600B+ AI spending

The bank expects token consumption to increase 24 times by 2030, largely driven by the rise of enterprise agents.