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Tech Giants Borrow $90B for AI, Raise Market Concerns

11/21/2025

Summary

Story summary

Meta Platforms, Inc., Alphabet Inc., and Oracle Corporation have issued nearly $90 billion in public debt since September to fund AI infrastructure.
The surge could strain the corporate bond market and raise concerns about AI overinvestment, with capex at $600 billion by 2027.
Analysts say many tech firms maintain strong balance sheets and low leverage, enabling more borrowing.
Investor sentiment remains cautious amid fears of excess data-center capacity.

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Story summary

Meta Platforms, Inc., Alphabet Inc., and Oracle Corporation have issued nearly $90 billion in public debt since September to fund AI infrastructure.
The surge could strain the corporate bond market and raise concerns about AI overinvestment, with capex at $600 billion by 2027.
Analysts say many tech firms maintain strong balance sheets and low leverage, enabling more borrowing.
Investor sentiment remains cautious amid fears of excess data-center capacity.