投資者對 AI 泡沫破裂的憂慮升温
Investors increasingly nervous over AI bubble
投資者對 AI 泡沫破裂的憂慮升温，焦點包括龐大資本開支、發債和擴張。Alphabet、Meta 和 Oracle 均已發行新債或據報計劃發債，利率亦正上升；機構投資者則促請 Anthropic 下調 IPO 估值目標，該公司預計未來數年在 AI 基礎設施上支出近 $900 billion。用於對沖目前史上最大市場押注的期權及信用違約掉期需求亦急升。
Investors voiced growing worry the AI bubble will burst, as concerns mounted over eye-popping capex plans, debt issuance, and expansion. Alphabet, Meta, and Oracle all either issued new bonds or reportedly planned to do so, with interest rates on the rise. Separately, institutional investors have urged Anthropic — which expects to spend nearly $900 billion on AI infrastructure in the coming years — to lower its IPO valuation target, according to The Wall Street Journal.
Demand has meanwhile surged for options and credit-default swaps that help protect against what is now the biggest market bet in history. “At some point in time, there’s going to be a downturn,” the CEO of bond giant PIMCO warned, “and then things are going to break.”
來源：Semafor · semafor.com