Billionaire Grant Cardone: Tech Giants Flood $66B in High-Yield Debt to Dominate AI Market; Yields to Retreat If Expectations Fall Short

PANews, October 4 - American billionaire and renowned investor Grant Cardone noted that driven by competition in the artificial intelligence sector, tech giants such as Meta, Google, and Amazon are raising funds through high-yield (junk) bond issuance to sustain R&D investment. Approximately $66 billion of such bonds have been sold globally, with coupon rates reaching as high as 9.75%. Cardone analyzed that these tech companies believe they must invest heavily in AI at all costs to survive, but once subsequent execution results fall short of expectations, yields on related bonds will retreat.