S&P Global – Technology Industry Credit Outlook, 2025

The report by S&P Global "Technology Industry Credit Outlook 2025" evaluates the financial landscape of the tech industry amid potential tariff implementations and robust AI investments. As the tech industry diversifies its supply chain, it remains heavily reliant on China, which poses risks should U.S. tariffs be applied. IT spending is projected to grow by 9% in 2025, driven by AI infrastructure and resilient software demand. However, rising interest rates pose challenges for companies with floating rate debt. While AI investments are expected to remain strong, there is a risk of volatility if AI-related revenue doesn't meet expectations. This report highlights the key factors influencing credit outlooks within the technology sector.