Tech Companies' AI Debt Issuance Drops Sharply in September

3-line summary

• Global tech companies' AI-related debt issuance (including public bonds and private placements) totaled $23 billion in September, less than half of August's level and far below June's record $113 billion raised for AI infrastructure such as data centers and chips, according to Morgan Stanley data cited by Investing.com. US investment-grade bond issuance by large tech firms for AI purposes — which had totaled about $306 billion from January through August — came to a complete halt in September. Year-to-date issuance stands at about $466 billion, versus $101 billion over the same period in 2025.
• Wall Street banks are preparing a roughly $60 billion financing package for Broadcom and Anthropic, to be syndicated to investors in coming months, while SpaceX is in talks to raise $40 billion to fund Nvidia chip purchases.
• Oracle's roughly $18 billion loan tied to its "Project Jupiter" data center campus in New Mexico is under strain; Oracle issued a force majeure notice over power-supply issues at the site, and the loan was recently quoted at about 85 cents on the dollar.

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