๐ค Big Techโs AI boom is becoming a borrowing boom.
๐ต $GOOGL, $AMZN, $META and $ORCL have issued about $194B of bonds this year โ nearly twice their combined 2025 total.
๐ Alphabetโs latest deal drew about $115B of orders for as much as $25B of debt.
๐ For shareholders, watch whether AI starts generating enough cash to slow the rise in debt, interest expense and share counts.