AI Debt Bubble: Industry Debt to Top $570B, SoftBank Loan Stalls

The infrastructural appetite of artificial intelligence is draining global debt markets. On June 10, 2026, Morgan Stanley analysts released a shocking forecast: the volume of AI-related debt financing will exceed $570 billion by the end of the year. Capital expenditures (CAPEX) for purchasing tensor chips and building gigawatt data centers are forcing corporations to aggressively increase leverage.

Symptoms of overheating are already apparent. Synchronously with the bank's report, it was revealed that Japanese conglomerate SoftBank’s attempt to secure a $6 billion margin loan against its stake in OpenAI has stalled. Major lenders are beginning to doubt the liquidity of overvalued AI assets amid macroeconomic turbulence and high Fed rates. The market is sending a harsh signal: indefinitely financing the race for AGI through bank loans is impossible. The industry will have to prove the real return on investment (ROI) of autonomous agents, or the debt bubble will trigger a massive liquidity crisis in the tech sector.

Source: Morgan Stanley / SoftBank / Reuters