Lates News

J.P. Morgan expects that the issuance of bonds related to technology companies will exceed $500 billion this year. The bank has raised its forecast for debt issuance in the technology, media, and telecommunications sectors for 2026 from the previous $450 billion to $540 billion, citing that increased spending by large tech firms is leading the investment cycle in artificial intelligence. A team led by J.P. Morgan strategist Erika Speer stated in a report on Friday that chip-backed financing will become the "next major frontier" supporting AI infrastructure development, potentially "expanding to trillions of dollars" by the end of this decade. J.P. Morgan has identified seven investment-grade data center financing opportunities in addition to the six projects that have already completed financing, four of which are expected to come from Oracle and OpenAI. The bank predicts that Meta Platforms will return to the bond market after announcing its third-quarter financial results, while Microsoft is seen as the "greatest uncertainty," potentially seeking to raise funds from bond investors for the first time since 2017.