Oracle Blockbuster Bond Sale to Spur AI Borrowing Rush, Goldman Says

The relief in debt markets after Oracle’s record-setting bond deal has primed the pump for other tech giants looking to raise hundreds of billions of dollars for data-center infrastructure, according to the syndicate desk at Goldman Sachs Group Inc.

The price tag to finance the buildout — some estimates put it as high as $5 trillion — has sparked fears of a glut in the debt market recently. So it was a good sign when Oracle’s $25 billion debt raise in the high-grade market on Monday was met by yield-hungry investors that placed more than $129 billion worth of orders, the most ever for such an offering. Goldman was among the Wall Street banks that helped manage the deal.