Goldman Sachs underweight on major AI borrowers amid debt surge

Goldman Sachs: Goldman Sachs is a leading global investment bank and financial services firm offering investment banking, asset management, and other financial products to corporations, governments, and institutions. Its asset management arm actively manages fixed income portfolios across multiple sectors. In the context of this news, the firm's asset management division has positioned itself underweight on the largest AI-related corporate borrowers amid a wave of new debt supply. Lindsay Rosner: Lindsay Rosner serves as Head of Multi-Sector Fixed Income Investing at Goldman Sachs Asset Management. She provides market commentary on credit conditions, issuance trends, and portfolio positioning in fixed income markets. In recent statements tied to this development, Rosner highlighted the firm's underweight stance on major AI borrowers due to expected continued high levels of debt issuance from hyperscalers. Debt Markets: A surge in new debt issuance from major AI-focused companies is contributing to higher borrowing costs and prompting fixed income investors to adjust portfolio allocations. Portfolio Strategy: Fixed income teams at major asset managers are repositioning holdings in response to the volume of new supply from technology sector borrowers.