Robert Schiffman
Robert Schiffman is a senior credit analyst at Bloomberg Intelligence, where he analyzes corporate credit and debt markets. He has discussed Apple’s bond offering and market conditions as a guest analyst on Bloomberg programming.
Tech Selloff Exposes a Divide Between Apple and AI Infrastructure Borrowers
Apple’s planned $7 billion bond sale is less a response to a cash need than a way to borrow cheaply and fund share buybacks, Bloomberg Intelligence credit analyst Robert Schiffman argues. As technology shares fall amid investor concerns about the debt and spending behind the AI buildout, he says Apple’s strong credit standing sets it apart: credit markets are signaling concern about when cash flows arrive, not whether borrowers will ultimately receive them.
Microsoft’s $25 Billion Bond Offering Signals More AI Spending Ahead
Microsoft is seeking to raise at least $25 billion in its first broad U.S. bond offering since 2017, a move Bloomberg Intelligence senior credit analyst Robert Schiffman says reinforces his view that AI spending will continue to grow. He argues Microsoft’s strong credit standing gives it room to borrow while continuing to invest and return cash to shareholders. The deal, in his assessment, is another sign that the broader hyperscaler spending cycle has not yet peaked.
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.