AI Debt Investors Show Fatigue After $300 Billion Binge

After a $300 billion AI debt binge that spanned every corner of the credit market, investors are starting to show some signs of fatigue.

Make no mistake: There’s still appetite for those deals. But bankers have had to work harder to sell them lately, offering more incentives and higher compensation to investors who are spoiled for choice. Just on Thursday, they had the option of buying into Meta Platforms Inc.’s jumbo investment-grade offering, or take more risk and look at the latest leveraged loan deal from CoreWeave Inc.