Di Yi Cai Jing·2025-12-23 03:18Group 1 - The global debt issuance by technology companies has reached a record high of $428.3 billion this year, driven by the need for funding related to artificial intelligence investments [1] - U.S. companies accounted for $341.8 billion of the total debt issuance, while European and Asian tech companies issued $49.1 billion and $33.0 billion, respectively [1] - The trend of large tech companies turning to debt financing is increasing due to low borrowing costs and strong investor demand, contrasting with their previous reliance on internal cash flow [1] Group 2 - Alphabet, Google's parent company, plans to issue at least €3 billion in bonds to finance its AI expansion, marking its second entry into the euro bond market this year [2] - Concerns are rising regarding the sustainability of companies' balance sheets as high levels of debt increase leverage ratios and weaken debt repayment capabilities [2] - Oracle's debt risk indicators reached a three-year high in November, leading to a significant drop in its stock price, as investors worry about the company's heavy borrowing for AI projects [2][3] Group 3 - The cost of debt default insurance for Oracle has surged to 1.25 percentage points annually, more than tripling in recent months, indicating heightened market concerns [3] - Analysts suggest that the current market conditions may be unsustainable for large-scale data centers, raising questions about the long-term viability of such investment strategies [3]