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Hyperscaler Debt Risks Europe’s Allure Morgan Stanley IM Says

Bloomberg Technology Wednesday 05 August 2026, 09:56 UTC By Teddy Stoddart and Ronan Martin 1 min read
Key Points

Hyperscaler Debt Risks Europe’s Allure, Morgan Stanley IM Says European investment-grade credit’s relative appeal over the US would diminish if the region absorbs a lot more bond issuance from hyperscalers, according to a Morgan Stanley Investment Management Inc. strategist. US markets have borne an outsized share of borrowing by technology companies to fund artificial intelligence infrastructure, leaving valuations more attractive in Europe, said Hugh Briscoe, a senior strategist with about...

Hyperscaler Debt Risks Europe’s Allure, Morgan Stanley IM Says European investment-grade credit’s relative appeal over the US would diminish if the region absorbs a lot more bond issuance from hyperscalers, according to a Morgan Stanley Investment Management Inc. strategist. US markets have borne an outsized share of borrowing by technology companies to fund artificial intelligence infrastructure, leaving valuations more attractive in Europe, said Hugh Briscoe, a senior strategist with about two decades of experience in the industry. Briscoe is part of a management team overseeing the firm’s entire global fixed business.
Hyperscaler Debt Risks Europe’s (ORG) Allure Morgan Stanley (ORG) IM (LOCATION) Morgan Stanley (ORG) European (ORG) US (LOCATION) Morgan Stanley Investment Management Inc. (ORG) Europe (LOCATION) Hugh Briscoe (PERSON) Briscoe (PERSON)
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