AI Capex Drives US Corporate Bonds Past Record Pace in 2026
US corporate bond issuance hit $1.23T through May 2026 as hyperscalers tap the market to fund AI capex on a historic scale.
US corporate bond issuance hit $1.23T through May 2026 as hyperscalers tap the market to fund AI capex on a historic scale.
NVIDIA priced a $25B seven-tranche bond on June 15, upsizing from $20B — its first debt sale since 2021 and the largest in its history.
Amazon priced C$14B ($10.04B) of Canadian-dollar bonds June 9, 2026 — the largest Maple ever — with ~C$28B in orders to fund AI infrastructure capex.
Alphabet’s $80B equity raise—$15B common, $15B convertible preferred, $10B from Berkshire, $40B ATM—is the biggest stock sale ever, all to feed AI.