Debt-Laden Neoclouds Raise $37B in Junk Bonds as Yields Hit Double Digits

Data center developers and neoclouds raised $37 billion in U.S. junk bonds this year. As yields hit double digits, debt tied to riskier AI firms is tumbling.

• Neoclouds and data center developers raised $37B in U.S. junk bonds
• Yields on these bonds have reached double digits
• Debt tied to riskier AI firms is losing value