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Everyday.MBA

The AI Boom Has a Money Problem

What rising borrowing costs can teach us about the cost of capital.

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Everyday.MBA
Sep 22, 2026
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AI stocks are still running. The Nasdaq Composite reached an intraday record today as enthusiasm around artificial intelligence and corporate earnings continued to lift technology stocks.[1]

At the same time, another group of investors is becoming more selective about the AI boom: the people being asked to lend these companies hundreds of billions of dol…

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