Costs to protect US tech giants' debt against default hit record highs on profit concerns
Summary
Costs to protect the debt of numerous US technology heavyweights against default hit fresh record highs Friday, after disappointing quarterly reports from Intel Corp. and Amazon.com Inc. raised fresh concerns about whether the massive borrowing binge financing the AI boom will pay off.
Timeline
Bloomberg
Source ↗Bloomberg reports that the cost of insuring the debt of numerous US technology heavyweights against default hit fresh record highs on Friday, as disappointing quarterly reports from Intel and Amazon spurred concerns about whether the debt binge financing the AI boom will pay off.
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