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Story summary
- Torsten Sløk of Apollo Global Management says 2026 will feature significant debt-fueled capital expenditure led by AI hyperscalers.
- He projects investment-grade bond issuance could reach $1.6 trillion to $2.25 trillion, raising rates as corporate borrowing rises.
- Sløk notes investors should consider how Alphabet and Amazon will finance their infrastructure expansions.
- Mark Zandi of Moody's Analytics says tech borrowing has surpassed dot-com era levels, raising fears of repercussions if growth stalls.
