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AI Bubble Risk Tops Concerns for Credit Investors

2/25/2026

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Story summary
  • Bank of America (BofA) survey shows artificial intelligence (AI) bubble risk is top concern for credit investors.
  • In February 23% of investment-grade clients identified the AI bubble as the primary worry, up from 9% in December.
  • The survey projects hyperscalers will issue about $285 billion in debt this year, up from $210 billion.
  • Concerns over inflated AI investments and valuations have eclipsed worries about credit market overpricing and geopolitical tensions.