BUSINESSFINANCIAL TIMES WORLD
Hyperscaler AI borrowing binge shakes up foreign credit markets
A borrowing binge by hyperscaler AI companies has caused instability in foreign credit markets. This market shake-up resulted from a flood of bond issuance by major corporations like Amazon and Alphabet, which subsequently pushed up costs across currencies including Canadian dollars, Swiss francs, and sterling.
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- The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz
- Moody's says 'unprecedented' AI spending threatens credit quality of Amazon, Meta, Alphabet and others
- Bond market anxiety is growing over AI capex budgets
- AI-related debt jumped 99% over the past year. It’s a ‘shock to the system’ for investors.