U.S. Dollar AI-Related Bond Issuance Set to Reach $410 Billion in 2026

U.S. dollar AI-related bond issuance is projected to hit approximately $410 billion in 2026, up from roughly $210 billion last year and under $90 billion in 2021.
Hyperscalers, data centers, and neoclouds such as CoreWeave are funding the infrastructure buildout using borrowed money.
When returns disappoint, the debt does not, as leverage remains how bubbles ultimately end.