Overview
- S&P Global tallied more than 100 transactions through November, with total value edging past last year’s full-year record.
- Debt issuance climbed to roughly $182 billion this year, with Meta, Google and Amazon among the most active borrowers to finance expansion.
- Investor caution over AI valuations and leveraged spending fed market volatility, including a broad selloff in November.
- Oracle shares fell on a report that Blue Owl exited a $10 billion Michigan project, a claim Oracle disputed, and several chip stocks also declined.
- The U.S. led deal activity, Asia-Pacific and Gulf markets gained momentum, and Europe lagged as energy constraints lift the value of existing high-power capacity.