Meta Credit Risk Gauge Hits Fresh High on AI Spending Plans

A gauge of Meta Platforms' credit risk surged to a fresh record Thursday and its bonds sank. Plans to ramp up capital spending reignited fears that tech giants will issue more debt for AI buildout in an already saturated market.

• Meta's credit risk gauge hit a fresh all-time high
• Meta bonds fell amid plans to raise capital spending
• Investors fear more debt issuance for AI infrastructure