BlockBeats news, on August 8, JPMorgan expects technology-related corporate bond issuance this year to exceed $500 billion. The bank raised its forecast for debt issuance in the technology, media, and telecommunications sectors for 2026 from $450 billion to $540 billion, citing increased spending by major tech companies driving the AI investment cycle.
A team led by JPMorgan strategist Erica Spear concluded in a report on Friday that chip-backed financing will become the "next major frontier" in supporting AI infrastructure, potentially expanding to trillions of dollars by the end of this decade. JPMorgan has identified seven investment-grade data center financing opportunities beyond the six projects already financed, with four expected to come from Oracle and OpenAI.
The row expects Meta Platforms to return to the bond market after announcing its third-quarter earnings, while Microsoft is seen as the "biggest wildcard," potentially raising funds from bond investors for the first time since 2017.