BNP says AI borrowing will end the credit bull market, and it is lending to AI too

BNP Paribas expects the years-long rally in corporate bonds to break as hyperscalers flood the market, forecasting some $400B of their bond sales next year and a record $3. 7T of net fixed income supply.

Source: [TNW](https://thenextweb.com/news/bnp-ai-bonds-credit-cycle-europe)