24/7 Wall St. (citing company filings and market data) · 2026-09-01
Oracle Falls 4% as Bond Selloff Tests Its Debt-Funded AI Buildout
Oracle funded $55.7B in FY2026 capex by raising $43B in debt, making it the most leveraged mega-cap AI builder. A global bond selloff pushed the 10-year Treasury yield to a recent high, hitting Oracle's stock (-4% to $142.82, -23% YTD) disproportionately hard. With long-term debt now at $122.3B (vs $85.3B prior year) and negative free cash flow, rising borrowing costs directly reprice its AI infrastructure buildout — a live stress test of debt-funded capex at scale.
Bloomberg / Yahoo Finance (GuruFocus) · 2026-09-03
Amazon Targets $37–42 Billion Multi-Tranche Bond Sale to Fund $200B AI Capex Plan
Amazon returned to the US investment-grade bond market with a massive 11-tranche offering ranging from 2 to 50 years in maturity, with the 50-year tranche initially priced at ~155 bps over Treasuries. The deal — arranged by HSBC, Citi, Goldman and JPMorgan — directly finances Amazon's $200B 2026 capex plan for data centers, chips and AI infrastructure, and is one of the largest single corporate bond transactions of the year, adding to an already record-breaking hyperscaler issuance cycle.
CoreWeave IR (SEC filing) / Fitch Ratings · 2026-08-10
Fitch Rates CoreWeave's New $2.6B DDTL 5.5 Facility 'BB+'; Affirms IDR at 'BB-' with Positive Outlook
CoreWeave closed its fifth-generation GPU-backed delayed-draw term loan ($2.6B, rated Ba2/BB+), priced at SOFR +550bps and meaningfully oversubscribed. The facility broadens eligible collateral to shorter-dated enterprise contracts, expanding CoreWeave's borrower base. Fitch affirmed the BB- IDR with a Positive Outlook despite 7x gross leverage, ~$41B capex guidance for 2026, and negative free cash flow through 2027 — a key read on how credit markets are pricing neocloud infrastructure risk as GPU collateral values remain untested through a full depreciation cycle.