Stock Movers Alphabet Down, Hims & Hers Health Tumbles, Tegna Rises After Trump Backs Nexstar Deal
Feb 9, 2026
Big tech taps the bond market to fund AI infrastructure with a large dollar offering. A telehealth company plunges after backing away from a weight-loss pill amid legal trouble. Broadcaster shares jump following a high-profile political endorsement of a proposed media merger.
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AI Infrastructure Spurs Massive Spending
- Hyperscalers are expected to spend over $650 billion this year on cloud, data and chips.
- Heavy borrowing by these firms raises concerns about potential bubble dynamics in the debt market.
Big Tech Floods Debt Market
- Alphabet plans to raise about $15 billion via U.S. high-grade bonds amid an AI-driven infrastructure spend.
- The company will include a rare 100-year bond, highlighting heavy debt issuance by AI hyperscalers.
Record Demand For Mega Bond Deals
- Investors have eagerly absorbed large tech bond issuances so far.
- Record demand, like Oracle's $25 billion sale attracting $129 billion in orders, shows appetite for mega deals.