AI Industry Development & Policy Dynamics

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AI capital expenditure enters a supercycle: who is the real winner—Nvidia, Amazon, Meta, or Google?

From 2026 to date, six technology companies—Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX—have issued a record $182 billion in investment-grade bonds, up 1,300% from about $13 billion in the same period of 2025. These six firms account for nearly 15% of the total U.S. corporate bond issuance volume this year to date and contribute more than 50% of the increase in corporate bond issuance this year. In the same period, there were seven bond trades in the U.S. market with deal sizes of $25 bil
NVDA2.79%
AMZN15.05%
GOOGL7.00%
META2.65%
ORCL1.55%
GateInstantTrends·07-10 09:33
AI capital expenditure enters a supercycle: who is the real winner—Nvidia, Amazon, Meta, or Google?