AI-Linked Tech Credit Default Swap Spreads Widen Sharply
The cost of insuring against US tech defaults has reached record levels, the report says. Oracle’s five-year CDS spread widened 26 basis points overnight; the body is truncated before giving further details.
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05:35:11 AM UTC
SquawkNews
The cost of insuring against US tech defaults has hit record levels in the latest sign of credit stress building in the AI trade, especially for data centres dependent on future revenue.The moves reflect rising investor concern over how quickly massive investments in artificial intelligence will tr…
Five-year credit default swap spreads at cloud computing giant Oracle NYSE:ORCL widened by 26 basis points overni…