The bond market is pushing back on AI spending
Summary
Microsoft issued $25 billion last Thursday, its first US bond offering since 2017. Meta is considering another $20 billion across several currencies, Oracle sold $10 billion of bonds and $9.9 billion of equity, and Alphabet went to the euro market for €6 billion. Jake Conley's read is that the hyperscalers are hunting for money wherever it still is. Luke Kawa of Sherwood News explains why September was the quiet month, why every hyperscaler except Microsoft is now at fresh spread wides, and why the constraint is turning from the cost of capital into the supply of it. Featuring Jake Conley…
Description from Yahoo News.
Who is covering this
Video coverage
Related stories
Google misses revenue expectations, Alphabet stock sinks in early after-hours trading
14 sourcesvia ABC News (US)Truth score 89
Microsoft offers quarter of global workforce voluntary buyouts
6 sourcesvia ABC News (US)Truth score 71Missed by the right
Meta Settles Social Media Addiction Case, Avoiding Trial
8 sourcesvia The New York TimesTruth score 78Missed by the right1
Google’s parent company Alphabet’s shares plunge 12.6%, loses almost $500 billion in market value
7 sourcesvia The HinduTruth score 73
Microsoft’s Profit Jumps 32% Despite Big Increase in Spending
5 sourcesvia The New York TimesTruth score 703
Meta delays new business terms after outcry over potential web scraping of news sites
5 sourcesvia ABC News (US)Truth score 68
Comments
Comments need JavaScript.