Alphabet attracted $115 billion in demand for its latest bond offering, a record amount reflecting extraordinary investor appetite for AI-linked debt. This frenzy follows SpaceX’s blockbuster bond deal, which left many institutional investors empty-handed and hungry for the next big tech debt issuance. The parent company of Google has guided capital spending in the range of $175 to $205 billion for 2026, driven almost entirely by AI infrastructure buildout. Analysts expect AI-driven bond issuance across major tech firms to substantially reshape the 2026 investment-grade supply landscape.
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