Big Tech’s AI infrastructure push fuels a debt surge, with bond sales hitting $134 billion year-to-date, outpacing 2025’s full-year total.
The Magnificent Seven tech giants have issued $134 billion in bonds so far this year, surpassing 2025’s total of $87.5 billion, as they race to fund AI-driven data center expansions. Alphabet, Amazon, and Meta lead the borrowing spree, reflecting aggressive investment in AI infrastructure amid uneven revenue growth across the group.
Nvidia’s outsized sales growth contrasts with steadier expansion at peers, though all are committing billions to AI ventures. The spending surge underscores confidence in long-term AI profitability, despite broader economic uncertainty tied to oil market disruptions.
Equities have rebounded on investor faith in the AI trade, with the group’s stock performance buoyed by sustained capital outlays. The bond market’s appetite for Big Tech debt signals strong demand for exposure to the sector’s growth narrative.