The rush to fund artificial intelligence data centers and GPU procurement is overwhelming bond market capacity. As companies race to secure infrastructure, issuance volumes are hitting unprecedented levels. Here's the catch—the diversification safeguards built into these markets were designed for normal conditions. When everyone piles into the same asset class simultaneously, those circuit breakers that used to prevent systemic meltdowns become less effective. Market participants are watching closely. Capacity constraints that should theoretically maintain portfolio balance are getting stressed. If one major player stumbles, the interconnected nature of modern finance means the shock could ripple across credit markets faster than most expect. It's a classic boom-to-bust pattern: initial euphoria, surging capital flows, capacity limits overwhelmed, then contagion spreads.