BlockBeats News, May 15th, according to the Financial Times, major U.S. tech companies including Alphabet and Amazon are accelerating their entry into the overseas bond market, providing funding support for artificial intelligence infrastructure development through multi-currency financing.
The report stated that these companies are significantly increasing debt issuance in markets other than the U.S. dollar, including the Japanese Yen, Euro, and Swiss Franc, to diversify sources of funding and reduce reliance on the U.S. domestic bond market.
Analysis points out that as AI capital expenditures continue to rise, tech companies are transitioning from a financing structure mainly reliant on internal cash flows to a model that increasingly depends on debt financing to support the large-scale construction of data centers and computing infrastructure.
Industry insiders believe that this trend reflects the transformation of tech companies' capital structure driven by AI competition, while also continuously expanding the global investment-grade bond market's exposure to "super-scale tech companies."
