Morgan Stanley forecasts global AI-related bond issuance could approach $570 billion in 2026, more than double last year, as funding needs rise alongside heavy investment in data centers and computing infrastructure. The bank said about $236 billion of AI-related debt had been issued globally by the end of May, roughly four times the year-earlier level, and expects issuance to accelerate in the second half. It also said hyperscalers (large cloud-computing companies) may see capital spending exceed $1 trillion in 2027, underscoring the scale of financing tied to the AI buildout.