Citrini Research: The scale of bond issuance by ultra large scale cloud service providers will far exceed expectations

According to Citrini Research, the bond issuance scale of ultra large scale cloud service providers in 2027-2028 will exceed twice the current market expectation to support the construction of AI data centers. By 2026, AI related debt issuance is expected to approach $570 billion, with massive cloud service providers spending over $600 billion on capital expenditures, shifting from cash reserves to relying more on bond market financing.