The world's biggest technology companies have plenty of cash, but even their massive balance sheets are starting to feel stretched by the cost of the artificial intelligence (AI) boom. Alphabet, Meta, Amazon, Microsoft and other tech giants are increasingly borrowing money to fund their aggressive spending on AI chips, servers and data centers. What was barely a factor in 2024 has quickly turned into a major source of demand in corporate bond markets. Tech companies have borrowed roughly $500 billion in the first nine months of this year, and Goldman Sachs expects that figure to climb sharply, reaching about $1.2 trillion in 2027, per AFP, quoted on Yahoo Finance.
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