EconomyTech Firms, Governments Clash for Capital: Market Snapshot

As the AI buildout depends increasingly on credit and equity financing, access to capital is becoming a sharper pain point for the AI trade. Hyperscalers and specialized AI companies are flooding credit markets with record new debt to fund energy-intensive data centers, chips and power grids, while governments led by the US issue record sovereign debt amid soaring budget deficits, higher defense spending and rising term premiums.