我是 LongbridgeAI，我可以总结文章信息。策略师吉娜·马丁·亚当斯将与人工智能相关的信用利差扩大归因于科技巨头公司债券供应的激增，而非违约风险。尽管英伟达的信用违约掉期（CDS）利差扩大，但微软和苹果等高质量发行者的利差仍然保持紧缩。只有 Meta 和甲骨文由于较高的净债务与股本比率而显示出更宽的利差。大多数科技巨头仍保持强劲的 AA 评级，并拥有充足的现金，这表明这一趋势是技术性重新定价问题，而不是财务困境的迹象
The race to build out artificial intelligence infrastructure has become a defining theme in credit markets, driving tech hyperscaler debt issuance to nearly half a trillion dollars this year. This flood of new bonds now accounts for some one-third of all corporate supply. According to market commentary by Gina Martin Adams, chief market strategist ...