JP MORGAN CHASE(US:JPM) Huan Qiu Wang·2025-10-08 00:43Group 1 - The size of bonds related to artificial intelligence has reached $1.2 trillion, making it the largest segment in the investment-grade bond market [1] - The share of AI companies in the high-rated bond market has increased from 11.5% in 2020 to 14%, surpassing the largest segment in JPMorgan's U.S. Liquidity Index, which is the U.S. banking sector at 11.7% [1] - Analysts identified 75 companies closely related to AI across technology, utilities, and capital goods sectors, including Oracle Corp., Apple Inc., and Duke Energy Corp. [2] Group 2 - Many of these identified companies are significant bond issuers, particularly in the technology sector, characterized by ample cash and low net debt [2] - The trading spread of these companies' bonds is 74 basis points, which is 10 basis points tighter than the spread of JPMorgan's U.S. Liquidity Index [2] - Concerns among credit investors arise from the rapid rise of AI stocks, with fears that any potential downturn in the AI sector could impact the credit market [2]