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US tech giants spark a bond issuance frenzy

 recently, American tech giants have suddenly sparked a bond issuance frenzy. Amazon, Google's parent company Alphabet, Meta, and Oracle have issued nearly $90 billion in bonds. Foreign media statistics show that American companies have issued over $200 billion in corporate bonds this year to fund AI-related infrastructure projects. This has raised questions about whether the market can absorb such a massive supply, while also increasing concerns about the growing AI-related expenditures. These concerns have also "air-raided" the US stock market, triggering a significant correction since early November. Data shows that since November, the Nasdaq index, dominated by tech stocks, has fallen more than 6%, while the S&P 500 and the Dow Jones have dropped 3.47% and 2.77% respectively. Additionally, the US tech seven giants index fell 5.73%, and the Philadelphia Semiconductor Index plummeted over 11%. In terms of individual stocks, in the single week of November 14 alone, Advanced Micro Devices (AMD) fell more than 17%, Micron Technology nearly 16%, Microsoft over 7%, Qualcomm over 6%, and Amazon and Nvidia nearly 6%. 

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