CNBC reports that borrowing costs for AI data center builders are climbing, with CoreWeave's 2032 bond yield topping 16% and credit default swaps rising sharply even for Nvidia, Broadcom, and Amazon.com, as markets weigh Democratic election wins that could bring moratoriums covering 45% of planned US capacity, per Goldman Sachs. Analysts still forecast heavy issuance ahead — $440 billion of hyperscaler debt in 2026 — while Jefferies' Christopher Wood says the "credit card will be taken away" as the most plausible end to the AI capex arms race.