AI borrowing binge rattles US markets
4 Articles
4 Articles
Colossal investments in chips, servers and data centres are driving the technology sector to rely heavily on bond markets, at the risk of increasing investor nervousness.
AI borrowing binge rattles US markets
Rising US interest rates, including on the Treasury bonds that anchor the global economy, are sending tremors through the financial world, and some analysts point to the AI borrowing bonanza as one of the culprits. From next to nothing in 2024, tech sector borrowing has reached around $500 billion in the nine months since January, as Google, Meta, Amazon, Microsoft and others raise debt hand over fist to finance the chips, servers and data cente…
Technology stocks are lifting stock markets in the US and Asia, even though long-term US interest rates are the highest since 2002. Banks are trying to place a $60 billion debt package.
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