Story perspectives

AI Firms Secure $250B+ in Debt, Equity This Year

6/21/2026

Summary

Tech Debt Surge

Nvidia sold $25 billion of bonds, drawing more than $85 billion in orders.
Amazon has borrowed over $82 billion since early 2025 to fund AI infrastructure.
Morgan Stanley expects AI-linked global debt to reach $570 billion in 2026 after $236 billion sold by end May.
SpaceX plans a bond of at least $20 billion to refinance a $20 billion bridge loan due September 2027.
Alphabet raised about $84.75 billion via stock and preferred shares instead of bonds.

Summary

Fed Hints Hikes

Two-year Treasury yields hover near 4 % as the Federal Reserve (Fed) hints at more rate hikes.
Fed Governor Christopher Warsh pledged less forward guidance, raising uncertainty for AI-related debt issuers, while half of the Fed’s policy committee expects one more rate increase this year.
Analysts warn AI firms face a bond-market clock, with the financing loop of cloud borrowing, Nvidia chip purchases and Nvidia debt raising risk if projects stall.

1 of 2

Tech Debt Surge

Nvidia sold $25 billion of bonds, drawing more than $85 billion in orders.
Amazon has borrowed over $82 billion since early 2025 to fund AI infrastructure.
Morgan Stanley expects AI-linked global debt to reach $570 billion in 2026 after $236 billion sold by end May.
SpaceX plans a bond of at least $20 billion to refinance a $20 billion bridge loan due September 2027.
Alphabet raised about $84.75 billion via stock and preferred shares instead of bonds.

1 / 2