Concerns over the AI financing boom are rising, with bond default protection costs for Intel, Amazon and others hitting record highs

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ICE Data Services data showed that the cost of default protection on Intel's five-year bonds surged by as much as 22.4 basis points in early trading on Friday to 127.9 basis points per year, with both the single-day increase and the absolute level setting records. Broadcom's default protection costs also hit a new high, while AMD rose to its highest level since early 2019.

Amazon's gauge also set a record high, rising as much as 6.9 basis points to 94 basis points per year. The company had previously reported capital expenditure above expectations, with growth in its core e-commerce business the slowest in three years. Risk indicators for other hyperscalers such as Microsoft, Alphabet and SpaceX hit records in early trading on Friday.

As tech giants continue to raise their capital expenditure plans, weak tech company earnings have further deepened market doubts about the AI financing boom. Data shows that so far this year, companies have borrowed nearly $500 billion for data centers, chips and other AI projects, compared with about $200 billion for all of 2025. news_keyword_pub,usstock,MSFT&AMZN&INTC&AMD iframe below main text iframe below main text General statement General statement QR code at end start QR code at end start

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