Hyperscalers Break U.S. Bond Market With $725B AI Spending Spree, Go Global for Debt
TLDR: Hyperscalers committed $725B in 2026 capex, up 77% from 2025’s record $410B set just a year prior. Non-USD bond issuance rose from zero in 2024 to 48% of hyperscaler funding by mid-2026

