Hyperscalers issue $228B in bonds YTD, nearly 14x the 2024 total

Beth_Kindig · x · 2026-10-28

Per CNBC (LSEG data), Amazon, Meta, Alphabet and Oracle have issued over $228B in bonds in 2026 with two months left — more than double 2025's $108.1B and nearly 14x 2024's $16.7B. The chart shows annual issuance was only $13-40B from 2020-2023, underscoring how debt markets now fund the AI infrastructure arms race.

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