According to data from Bank of America, the gap between the yields of these bonds and U.S. Treasury bonds has risen to 0.78 percentage points, the highest since last April. Analysts have noted that the market is beginning to realize that funding the AI boom will require intensive participation from both public and private markets, according to Western media sources.
These companies have issued new bonds at an accelerated rate despite having large cash reserves. This move reflects a growing trend towards increased reliance on debt to finance their expansion in the AI sector.
