Fitch warns AI-related corporate debt could pose credit risk to junk bond investors

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โดย The Motley Fool·Read original
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Fitch Ratings has warned that a correction in the artificial intelligence market could become a significant risk to corporate credit, potentially affecting high-yield bond funds like the State Street SPDR Bloomberg High Yield Bond ETF. The ratings agency noted that AI-related investment added 1.4% to U.S. GDP growth in the first quarter of 2026, but cautioned that the medium- and long-term potential of the underlying technology remains highly uncertain. By the end of 2026, companies are expected to issue about $570 billion of corporate bonds tied to AI spending, and if anticipated returns fail to materialize, bondholders could face losses. The State Street SPDR Bloomberg High Yield Bond ETF, which holds 1,233 U.S. high-yield corporate bonds, has delivered annualized returns of 8.56% over the past three years and a 30-day SEC yield of 6.76% as of July 30, but its junk-rated holdings could be more vulnerable in an AI-driven economic slowdown.

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