Artificial intelligence infrastructure development facilitated corporate debt financing, with a scale of $200 billion in September

Science and technology giants such as Microsoft, Google, Amazon, Meta and Oracle have increased their bond financing, with investment-grade corporate debt in the United States projected at $2.1 trillion a year. The market expects the size of corporate debt to reach $200 billion after Labor Day in September, and investors are concerned that the expansion of AI debt may affect the allocation of funds in fixed-income markets. Andrzej Skiba, Managing Director of Fixed Proceeds of RBC Global Asset Management, stated that the size of the supply of AI-related bonds was close to the limits of the market. Analysts pointed out that if the growth in AI revenue did not cover data centres and chip procurement inputs, some capital expenditures were at risk of under-reward。