Story thread · 2 reports / 2 sources

AI Companies’ Debt Now Equals 68% of New Long-Term U.S. Treasury Borrowing This Year, JPMorgan Finds

247wallst.com · 4d · first report

How the coverage leans

Across 2 sources · syndicated copies counted once

The AI infrastructure boom has a scale problem the bond market cannot ignore. Michael Cembalest, chairman of market and investment strategy at JPMorgan, estimates the five major hyperscalers plus Nvidia have issued roughly $320 billion of debt so far in 2026, including special purpose vehicles where the companies ultimately stand behind data center lease obligations. […]

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