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US tech giants issue nearly US$90 billion in bonds to fund AI expansion
US tech firms borrow ~US$90 bn via bonds to fund AI capex, raising investor concerns about debt and valuations.
Major U.S. tech firms have tapped the public bond markets to raise almost **US$90 billion** since September to fund investments in artificial-intelligence infrastructure and data-centres.
Companies including Alphabet Inc., Meta Platforms, Inc., Oracle Corporation and Amazon.com, Inc. have issued multi-billion-dollar deals, a significant shift from previous cash-funded models. Investors are growing uneasy about the surge in debt and the ability of long-term AI returns to justify the financing, raising questions about tech valuations amid macro uncertainty.