Bloomberg Surveillance · Friday, July 24, 2026
There's a growing concern in markets about the increasing cost of borrowing for hyperscalers and other growth-oriented tech companies, especially with elevated global bond yields. This rise in the cost of capital is impacting their multiples and growth prospects.
“There is a new cost to borrow money for some of these hyper scalers in particular, and I wanted to buifurcate the tech universe into the hyper scaler suspenders and then the receivers.”
“And there has been a sense of concern in markets at a time of already elevated bond yields around the world. Doesn't this change the calculus. On some level, on a multiple level, or even just on a growth prospect level.”