- Credit-default swap spreads have widened across several major AI companies, but stock prices have reacted differently.
- Broadcom and Oracle shares have fallen sharply while Nvidia shares have held up.
- The P/E ratios of Broadcom, Oracle and Nvidia have contracted and their CDS spreads have widened.
- The column argues Nvidia's five-year CDS spread is hard to square with its revenue and earnings growth, yet it has widened anyway.
引述
“Credit-default swap spreads have widened across several major AI companies, but stock prices have reacted differently.”