AI giants spark an unprecedented wave of financing! Tech bonds down 9% this year; BofA strategist: the time to buy the dip may have arrived.

ZHITONG FINANCE APP has learned that Bank of America strategist Michael Hartnett believes that as tech giants take on large-scale debt to build artificial intelligence (AI) infrastructure, U.S. technology corporate bonds have suffered sustained selling, with yields climbing to attractive levels, and investors may have already reached a buy-the-dip opportunity. At the same time, this unprecedented AI financing boom is changing the capital allocation approach of tech giants, and the era of large-scale share buybacks funded by abundant cash flow in the past may be coming to an end.