Boom-ul investiţiilor în AI inundă piaţa cu datorii, iar investitorii încep să ceară randamente mai mari

The surge in bond issuance by major US companies for AI infrastructure is testing the limits of the bond market, with investors demanding higher premiums. Companies have issued around $220 billion in bonds for AI by August 2026, a significant increase from $12.5 billion last year. While financial stability of giants like Amazon and Alphabet remains intact, the growing volume of bonds is raising concerns. Tech bonds are trading at wider spreads compared to US Treasuries, indicating a shift in investor sentiment. Despite solid demand from foreign investors and pension funds, concentration limits may restrict future borrowing. Investors warn that the funding for AI is not unlimited, and companies may need to offer more attractive terms to secure financing.