Benzinga / Yahoo Finance (citing Q2 earnings call) · 2026-08-02
Amazon Hikes 2026 CapEx to $220 Billion After $25B Bond Sale; CEO Refuses to Reveal Next Funding Move
Just weeks after a $25B multi-tranche bond sale — Amazon's largest-ever debt raise — CEO Andy Jassy disclosed a further $20B capex increase (to $220B) driven by soaring memory-chip costs, while explicitly declining to say how it will be financed. Amazon had told underwriters it would issue no more debt in 2026, creating immediate tension: credit spreads on major hyperscaler bonds have already widened ~28 bps in two months, and any additional supply would further stress IG credit markets where tech now accounts for ~18% of total US corporate issuance.
TechTimes / Moody's (July 2026 credit warning) · 2026-07-30
CoreWeave CDS Prices 50% Five-Year Default Probability as GPU Debt Load Draws Moody's Warning
CoreWeave's 5-year CDS priced a 50% default probability on July 29 as stock fell 9%, reflecting market anxiety over $31–35B in 2026 capex against only ~$6.2B in trailing revenue. A separate Moody's July 2026 report warned that AI spending threatens credit quality across six companies — Amazon, Alphabet, Meta, Oracle, Microsoft, and CoreWeave — carrying combined direct debt of ~$460B and $1.2T in lease commitments. Rising CDS spreads directly raise CoreWeave's future borrowing costs, threatening the viability of its GPU-debt-funded expansion model.