Big tech companies have borrowed heavily to fund AI projects, causing their bonds to underperform by 9% this year, the worst in 30 years. However, yields on these investment-grade tech bonds have risen to as high as 8%, making them appealing to investors now. Bank of America's chief investment strategist Michael Hartnett, who previously recommended shorting these bonds, has reversed his stance due to the attractive yields. This shift suggests tech bonds may offer better competition against stocks going forward.
This strategist's view on Big Tech debt is presented with Pluang's Technology sector data as context. For readers following Technology-sector US stocks, here is Pluang's market snapshot as of Oct 30, 2026 20:02 WIB: out of 150 stocks, 28 rose and 120 fell. Notable movers include ARM down 9.95% at USD 206.00, AEHR down 9.74% at USD 55.25, and AMD down 9.68% at USD 511.61. The largest single-day drop among these is ARM's 9.95%.
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