US tech companies issued a record $108.7 billion in Q4 2025 bonds to fund AI infrastructure, but widening spreads for some issuers signal hidden risks.

Morgan Stanley projects US corporate debt issuance between $2.2T and $2.46T in 2026, fueled by massive AI infrastructure spending from hyperscalers.

Private bond market opens new funding for tech firms via AI debt sales. Anthropic's valuation hitting high of $1.25T by December at 91.5% YES.

US tech companies issued a record $108.7 billion in Q4 2025 bonds to fund AI infrastructure, but widening spreads for some issuers signal hidden risks.