Artificial Intelligence, Real Debt

The AI Stocks Most Exposed When Bond Markets Bite

Last week I dropped this video – The $40 Trillion Milestone in which I posited that rising yields are definitely a bad thing for AI and AI-related stocks because of their sometimes stratospheric borrowings.

Over the weekend, I did a deep dive into which stocks had enough exposure to be sensitive to further falls in the bond market. The list below is my top candidates for implosion if yields take off.

The companies most exposed to a bond-market shock are not necessarily the glamorous AI software names. The more vulnerable group includes businesses borrowing heavily to acquire GPUs, build data centres, secure power capacity, or refinance legacy infrastructure.

I might spend some time this week looking at the broader AI ecosystem and try to generate some lists of broader AI-exposed names.