AI debt issuance is surging

AI-related debt issuance is skyrocketing.
US investment-grade corporate debt issuance is projected to rise 25 percent year over year in 2026 to a record 2.25 trillion dollars.
Net new investment-grade issuance is also expected to hit a record 1 trillion dollars.
Morgan Stanley estimates AI and AI-related borrowing could reach at least 400 billion dollars this year.
The AI buildout is not just an equity story.
It is becoming a corporate credit story too.