AI buildout gives tech investors new reasons to watch bond market

• Tech giants are depleting reserves and leveraging debt in their ambitious data center buildouts.
• That’s making the group much more exposed to the cost of borrowing and giving tech investors reason to pay attention to the Fed.
• “Tech investors are learning what it’s like to be an investor in old-economy industrial businesses,” said Peter Boockvar, chief investment officer of One Point BFG Wealth Partners.

Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve.

For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers.

Source: https://www.cnbc.com/2026/06/20/ai-buildout-giving-tech-investors-new-reasons-to-watch-bond-market.html