Microsoft reportedly seeks $25 billion-plus bond sale to fund AI spending

Techmeme, citing Bloomberg, reports that Microsoft is seeking to raise $25 billion-plus for AI-related capital expenditures in its first US investment-grade bond sale since 2017. One commenter argues that hyperscalers' use of debt will raise neoclouds' cost of capital. They warn neoclouds could struggle to raise money at attractive rates if hyperscaler cash flows don't turn positive again in 2028.