Total global credit market debt issuance for AI and data centers has already hit $336 billion in 2026, significantly surpassing the $217 billion total for the entirety of fiscal year 2025. The full-year 2026 forecast projects $580 billion in issuance, representing a 167% increase compared to FY 2025.
Hyperscalers are aggressively leveraging debt markets to fund AI compute infrastructure, indicating sustained, capital-intensive expansion regardless of cost.