About this episode

JPMorgan Asset Management discusses the implications of AI-related spending and its impact on debt investment.

JPMorgan Asset Management sees value in the debt of companies building out AI, but it’s keeping a close eye on how much more they plan to spend next year. “If we’re seeing capex increase at the same rate that we saw 2025 to 2026, I think that’s probably a little bit of a red flag,” Stephanie Doyle, a portfolio manager at the $4.3 trillion firm, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Arnold Kakuda in this episode of the Credit Edge podcast. “I think the issuance is an opportunity,” said Doyle, who’s part of the money manager’s global fixed income, currency and commodities team. They also discuss the potential for credit spreads to tighten, rising net new bond issuance, the earnings outlook and growing macro risks. See omnystudio.com/listener for privacy information.

People in this episode

Guest: Stephanie Doyle

Topics covered

• AI spending
• debt investment
• credit spreads
• bond issuance
• macro risks

Keywords

• JPMorgan
• AI
• debt
• credit spreads
• bond issuance
• macro risks
• investment

Mentioned in this episode

Organizations: JPMorgan Asset Management, Bloomberg News, Bloomberg Intelligence

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