Robert Schiffman
Senior global technology credit analyst at Bloomberg Intelligence, focused on investment-grade and high-yield technology credit. He appears on Bloomberg programs and publishes analysis on technology-sector debt, AI-driven capital spending, cash flow, leverage, and credit-market access, including coverage of Amazon and other megacap tech issuers.
Amazon’s AI Buildout Pushes Borrowing Higher as Capex Bill Swells
Amazon’s plan to raise at least $25 billion in a U.S. bond sale is less a one-off financing move than another sign of how large its AI infrastructure spending may become, according to Bloomberg Intelligence analyst Robert Schiffman. Speaking with Bloomberg’s Ed Ludlow, Schiffman argued that Amazon’s borrowing is scaling because capital expenditure needs are rising faster than near-term cash inflows, even as the company still has low leverage, strong cash generation and access to cheap credit.
AI Demand Is Rewriting Tech Financing From Hyperscalers to IPOs
Bloomberg Technology’s June 2 discussion framed Alphabet’s planned $80 billion equity raise and Anthropic’s confidential IPO filing as signs that AI demand is moving from product strategy into capital structure. The central argument was that the scale of AI infrastructure spending is forcing technology companies to rethink balance sheets, IPO timing, bank fees and supply-chain risk, with SpaceX’s listing plans and memory-chip constraints showing how the pressure is spreading beyond the hyperscalers.