The artificial intelligence (AI) boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and unprecedented AI spending might be running ahead of uncertain future returns.In its third-quarter

The US credit outlook is increasingly levered to AI investment confidence, while consumer-facing sectors and private credit markets face mounting headwinds

Fitch says a possible AI market correction is emerging as a major global credit risk, citing stretched valuations and $182bn of Big Tech bonds.