Innlegg

🚨 Credit markets are starting to worry about Big Tech’s debt load. Oracle’s $BTC ORCL 5-year credit default swap (CDS) has surged +70 bps YTD to a record ~215 bps — the largest increase among Big Tech. Broadcom $ETH AVGO follows with a +48 bps increase. Meanwhile: • $META CDS: +39 bps → ~95 bps, highest since trading began • $SNXX VDA CDS: +32 bps → ~82 bps, highest since trading began • $AMZN CDS: +30 bps • $GOOGL CDS: +29 bps The bigger picture is even more interesting. Big Tech has issued roughly $200B in corporate bonds this year, nearly twice the total issued during all of 2025. Markets are starting to ask a serious question: How expensive will the AI arms race become to finance? 👀 Rising CDS spreads suggest investors are demanding more compensation for the growing credit risk — especially as AI-related capex and debt issuance continue to accelerate.#PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound