AI debt fears ease as Oracle, Alphabet and Amazon face investor test
What's next: Investors are watching capex and free cash flow updates after Meta's delayed bond deal helped tighten tech credit spreads.
Credit-market anxiety around AI spending has eased ahead of key updates from Oracle, Alphabet and Amazon, though investors remain focused on how data-center buildouts are straining cash flow. Oracle was set to hold its Investor Day on Wednesday, while Alphabet and Amazon were due to report quarterly results after the market close on Wednesday and Thursday. Relief grew after Meta Platforms did not immediately bring a large bond sale following its earnings report, a step investors had expected. That helped tighten AI-related credit spreads, even as broader concerns persist after heavy debt issuance across the sector and negative free cash flow at several large tech companies.