周五，为多家美国科技巨头债务提供违约保护的成本创下历史新高，英特尔公司和亚马逊公司令人失望的季度财报引发新的担忧：为人工智能热潮提供融资的大规模债务狂欢能否带来回报。
Costs to protect the debt of numerous US technology heavyweights against default hit fresh record highs Friday, with disappointing quarterly reports from Intel Corp. and Amazon.com Inc. spurring fresh concerns on whether the massive debt binge financing the AI boom will pay off.
根据洲际交易所数据服务公司的数据，周五上午，英特尔债券的五年期保护价格一度飙升21.8个基点，至每年127.4个基点。两者均为纪录水平。芯片竞争对手超威半导体公司的这一成本达到2019年初以来的最高水平，博通公司则创下新高。
The protection price for Intel bonds for five years surged as much as 21.8 basis points Friday morning to 127.4 basis points a year, according to ICE Data Services. Both are records. The cost reached the highest since early 2019 for chip rival Advanced Micro Devices Inc. and a new high for Broadcom Inc.
亚马逊的指标也创下历史最高，在公布资本支出高于预期、核心电商业务增速为三年来最慢之后，一度攀升5.5个基点，至每年92.7个基点。同为超大规模云服务商的微软公司、Alphabet公司和SpaceX的风险指标周五上午也创下纪录。
Amazon’s metric also hit its highest ever, climbing as much as 5.5 basis points to 92.7 basis points a year after reporting greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years. Risk gauges for fellow hyperscalers Microsoft Inc., Alphabet Inc. and SpaceX also hit records Friday morning.
科技巨头的疲弱业绩加深了人们对人工智能借贷热潮的怀疑，尽管这些公司正在提高资本支出计划。根据彭博汇编的数据，今年迄今为止，企业已借款近5000亿美元，用于数据中心、芯片和其他人工智能项目。2025年全年的总额约为2000亿美元。
Weak tech results are deepening doubts over the AI borrowing boom even as tech giants boost their capital-spending plans. Companies have borrowed nearly $500 billion so far this year for data centers, chips and other AI projects, according to data compiled by Bloomberg. The total was about $200 billion for all of 2025.
