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$66 billion in high-yield bonds sold as tech firms spend aggressively, Grant Cardone notes

$66 billion in high-yield bonds sold as tech firms spend aggressively, Grant Cardone notes
Tech giants sell $66 billion in bonds

Grant Cardone, CEO / Founder at Cardone Enterprises and Cardone Capital, points to rising competition as a key driver pushing bond yields higher.

Cardone observes that major technology companies such as Meta, Google, and Amazon are increasing their spending and are prepared to pay whatever is necessary to compete, convinced that failing to do so could threaten their existence. Cardone highlights that around $66 billion globally has already been raised via high-yield, or junk, bond offerings by tech firms.

Cardone has recently announced that Cardone Capital acquired 40 BTC at $76,500 to address asset price and replacement gaps. He also revealed the sale of a 2024 Global 7500 jet for $80 million, citing restrictions on Bombardier sales. These moves reflect Cardone's ongoing adjustments to changing market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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