US convertible issuance reaches $34 billion in 2026 driven by AI-focused companies

The AI sector is driving a surge in convertible bond sales in the US, with companies linked to artificial intelligence fueling the trend. U.S. convertible issuance reached about $34 billion in the first four months of 2026, more than double the same period a year earlier. Companies are using convertible debt to fund data centers, power infrastructure, and cloud expansion.

Intel is exploring a deal with Tenstorrent to deepen its AI capabilities, potentially giving Intel additional architectures to complement its current AI-focused Xeon CPUs and accelerators. Meanwhile, AMD is seen as a safer bet than Intel by one investor, with a natural hedge while riding the CPU thesis.

Google is tackling attempts to hack its AI results, aware of a simple way to get AI chatbots to spit out misinformation. The company is working to fix the problem. OpenAI is taking the lead in the AI IPO horse race, with reports that it is set to confidentially file an IPO as soon as this week.

Nvidia has made a strategic investment in Corning, positioning the company to accelerate AI infrastructure buildout. Corning is building three new facilities dedicated to producing for Nvidia. Employers are also set to significantly increase their use of AI in health benefits, with 71% of employers planning to use AI in their health and benefits programs in the next two years.

Key Takeaways

• U.S. convertible issuance reached $34 billion in the first four months of 2026, more than double the same period a year earlier, driven by AI-focused companies. • Intel is considering a deal with Tenstorrent to deepen its AI capabilities. • AMD is seen as a safer bet than Intel by one investor. • Google is working to fix the issue of AI chatbots spitting out misinformation. • OpenAI is set to confidentially file an IPO as soon as this week. • Nvidia has made a strategic investment in Corning to accelerate AI infrastructure buildout. • Employers plan to increase AI use in health benefits, with 71% expecting to use AI in the next two years. • Manulife Wealth & Asset Management has launched three AI-powered sales and advisor enablement tools. • SoftBank Group Corp. is working on a data center-focused infrastructure project in Ohio. • Donald Trump has been using AI-generated images to create and disseminate fake imagery on his social media accounts.

AI Fuels Record Convertible Bond Sales in US

Companies linked to artificial intelligence are driving a surge in convertible bond sales in the US, reaching a record pace. U.S. convertible issuance reached about $34 billion in the first four months of 2026, more than double the same period a year earlier. AI-focused companies are using convertible debt to fund data centers, power infrastructure, and cloud expansion. This trend is expected to continue, with roughly half of this year's issuance tied to AI.

Record Convertible Bond Sales Driven by AI

The AI boom is driving record convertible bond sales, with companies like Oracle, CoreWeave, and IREN Limited issuing large deals. Power companies and chip makers, such as NextEra Energy and On Semiconductor, have also tapped the market. This trend is expected to continue, with convertible debt becoming attractive for AI-focused companies financing large-scale investments.

AI Drives Surge in Convertible Bond Sales

The AI sector is driving a surge in convertible bond sales, with U.S. convertible issuance reaching about $34 billion in the first four months of 2026. Companies are using convertible debt to fund data centers, power infrastructure, and cloud expansion. This trend is expected to continue, with AI-focused companies leading the way.

AI Financing Fuels Convertible Bond Sales

Corporate America is tapping the convertible bond market at a record pace, driven by companies linked to artificial intelligence. U.S. convertible issuance reached about $34 billion in the first four months of 2026, more than double the same period a year earlier. Companies are using convertible debt to fund AI-related investments.

AI Drives Record Convertible Bond Sales

The AI boom is driving record convertible bond sales in the US, with companies funding data centers and tech expansion. AI-linked firms are fueling the surge in convertible bond sales, which reached a record high in 2026.

AI Fuels Record Convertible Bond Sales

Corporate America is tapping the convertible bond market at a record pace, driven by companies linked to artificial intelligence. U.S. convertible issuance reached about $34 billion in the first four months of 2026, more than double the same period a year earlier.

AI Drives Convertible Bond Sales

The AI sector is driving a surge in convertible bond sales, with U.S. convertible issuance reaching about $34 billion in the first four months of 2026. Companies are using convertible debt to fund data centers, power infrastructure, and cloud expansion.

AI Fuels Convertible Bond Sales

Corporate America is tapping the convertible bond market at a record pace, driven by companies linked to artificial intelligence. U.S. convertible issuance reached about $34 billion in the first four months of 2026, more than double the same period a year earlier.

AI Boom Drives Record Convertible Bond Sales

The AI boom is driving record convertible bond sales in the US, with companies funding data centers and tech expansion. AI-linked firms are fueling the surge in convertible bond sales, which reached a record high in 2026.

Intel Explores AI Chip Deal with Tenstorrent

Intel is considering a deal with Tenstorrent to deepen its AI capabilities. The potential deal could give Intel additional architectures to complement its current AI-focused Xeon CPUs and accelerators.

AMD vs. Intel: One AI Chip Stock Is a Buy

One investor believes that AMD has a safer baseline than Intel, with less risk of negative earnings revisions. The investor argues that AMD offers a natural hedge while riding the CPU thesis.

Manulife Wealth & Asset Management Builds AI Leadership

Manulife Wealth & Asset Management has launched three AI-powered sales and advisor enablement tools to streamline routine work and provide faster support and clearer insights for advisors and sales teams.

Manulife Wealth & Asset Management Continues AI Leadership

Manulife Wealth & Asset Management has launched three AI-powered sales and advisor enablement tools to streamline routine work and provide faster support and clearer insights for advisors and sales teams.

Now Even AI Is Seeing Growing AI Concentration Risk

SoftBank Group Corp. is working on a data center-focused infrastructure project in Ohio, which could channel $500 billion into a single campus.

Google Tackles Attempts to Hack Its AI Results

Google is aware of a simple way to get AI chatbots to spit out misinformation and is working to fix the problem. The company has confirmed that it is aware of the issue and is taking steps to address it.

Mandela Barnes Proposes Blocking AI Use to Boost Consumer Prices

Democratic candidate for governor Mandela Barnes is proposing to seek measures to bar companies from using artificial intelligence to drive up prices or limit access to services for consumers.

Nvidia Might Have Just Revealed the AI Sleeper Stock

Nvidia has made a strategic investment in Corning, which could position the company to accelerate AI infrastructure buildout. Corning is tackling a rather expensive undertaking as it builds three new facilities dedicated to producing for Nvidia.

OpenAI Takes the Lead in AI IPO Horse Race

Reports that OpenAI is set to confidentially file an IPO as soon as this week have traders on prediction market platforms seeing OpenAI as the favorite to IPO before its chief private rival Anthropic.

Employers Aiming to Bulk Up AI Use for Health and Benefits

Employers are set to significantly increase their use of AI in health benefits, with 71% of employers planning to use AI in their health and benefits programs in the next two years.

How AI Turbocharged Donald Trump's 'Slopaganda' Machine

Donald Trump has been using AI-generated images to create and disseminate fake imagery on his social media accounts, which has significant implications for the way we consume and understand information in the digital age.

Sources

NOTE:

This news brief was generated using AI technology (including, but not limited to, Google Gemini API, Llama, Grok, and Mistral) from aggregated news articles, with minimal to no human editing/review. It is provided for informational purposes only and may contain inaccuracies or biases. This is not financial, investment, or professional advice. If you have any questions or concerns, please verify all information with the linked original articles in the Sources section below.

AI Convertible Bond Sales Record Pace US Market Data Centers Power Infrastructure Cloud Expansion AI-Focused Companies Oracle CoreWeave IREN Limited NextEra Energy On Semiconductor Intel Tenstorrent AMD Manulife Wealth & Asset Management AI Leadership AI-Powered Tools Google AI Results Mandela Barnes AI Use Consumer Prices Nvidia Corning AI Infrastructure OpenAI IPO Anthropic Employers AI Use in Health Benefits Donald Trump AI-Generated Images Fake Imagery

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