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Contrary to the typically loud and conspicuous events in finance, this emerging storm is largely driven by Silicon Valley's biggest names — Alphabet, Meta, Amazon, Microsoft, and Oracle. These giants are aggressively financing their AI infrastructure ambitions through unprecedented bond issuance, signaling a fundamental shift in how big tech allocates capital.
Record-Breaking Bonds Amidst AI Ambitions
This year has seen a record-breaking surge in corporate bond issuance aimed at funding AI growth. For example, Alphabet raised over $17 billion in the US and €6.5 billion in Europe. Meta alone issued a staggering $30 billion, attracting a record $125 billion order book. Oracle also announced an $18 billion bond to support its data center expansion.