Goldman forecasts $420B of hyperscaler debt issuance in 2027, up 60% on this year
Reuters, citing Goldman Sachs, reports spreads on AI-related debt of about 115 basis points versus 78 for investment grade overall. Amazon, Microsoft, Alphabet, and Meta are expected to spend $450B to $500B on AI in 2026, and some investors are reaching single-issuer exposure limits.
Why it matters
Financing is getting more expensive and more selective, which puts pressure on project returns.
Related headlines
- NTT reportedly to build $6.3bn data center for Anthropic in Japan, talks in final stages
- Scaleway plans AMD MI355X supercomputer in Sweden and Nvidia B300 GPU zone in Copenhagen
- VivoPower starts construction on 42MW Mo i Rana data center in Norway
- Nebius signs LOI to lease capacity at Volt's 600MW Rotterdam AI campus
- SWI raises €800 million ($892.4m) in equity for data center and AI compute expansion in Europe and US