Fastest Four: The $300 Billion Warning Sign for AI Stocks

Could the AI trade be entering a riskier new phase? LPL Research's 2026 Mid-Year Outlook keeps the bull case for stocks — but flags a real shift in the AI buildout. The five hyperscalers are set to spend $750 billion this year, and for the first time, they're not just paying with cash. Bond issuance from the group could hit $300 billion in 2026, up from $110 billion in 2025. LPL says that means the AI trade's next act won't be built on promise — it'll be judged on results. Scott Inman breaks it down.