The AI buildout is fueling record Big Tech borrowing:
Alphabet $GOOGL, Amazon $AMZN, Meta $META, Microsoft $MSFT, and Oracle $ORCL have issued a record $159 billion in corporate bonds in 2026.
This already surpasses the full-year 2025 total by +47% or +$51 billion.
To put this into perspective, between 2020 and 2024, these companies issued a total of ~$150 billion in debt.
Oracle alone has issued $43 billion since September 2025.
Meanwhile, AI-related global debt issuance is expected to more than double to a record ~$570 billion in 2026, according to Morgan Stanley.
AI is reshaping global credit markets.
@kris The current exchange app interface is not as user friendly as the previous.
1. Colour bar to indicate risk.
2. Spot no longer can be used as liquidity in perpetual.
Very frustrating
Still prefers the old version