CDS

Oracle

2026-10-03 23:26:31

Oracle and Paramount Credit Risk Start Trading as One as Larry Ellison Link Draws Scrutiny

Paramount Skydance Corp. has added $52 billion in debt this week to finance its deal for Warner Bros. Discovery Inc., putting fresh attention on its leverage profile. At the same time, Oracle’s long-term debt has climbed to more than $160 billion as the company spends heavily to build out artificial intelligence computing infrastructure, making it the fifth-largest issuer in the U.S. corporate bond market. The connection between the two companies is Larry Ellison. Wall Street investors are increasingly treating Paramount and Oracle as linked credit stories because Ellison’s family wealth, long seen as a potential backstop for Paramount, is heavily concentrated in Oracle stock. That assumption has come under pressure after Oracle shares fell more than 50% over the past year, free cash flow turned negative, and S&P Global Ratings cut both companies. According to Bloomberg, the cost of credit default swap protection on Paramount and Oracle has begun moving in closer alignment, suggesting fixed-income investors are pricing them as related risks. Investors and institutions cited in the report say credit analysis now needs to account for Ellison exposure across both companies, rather than viewing each issuer in isolation.

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Oracle

2026-08-09 00:08:39

Oracle’s 5-year CDS jumps 70 bps this year as credit risk rises across Big Tech

Credit pressure is building across major technology companies, according to market research firm The Kobeissi Letter. In a post on X, the firm said investors are growing more concerned about Big Tech debt, with Oracle showing the sharpest move. Oracle’s 5-year credit default swap, or CDS, has risen 70 basis points year to date to roughly 215 basis points, a record level and the biggest increase among large-cap tech names mentioned in the update. Broadcom followed with a 48-basis-point rise over the same period. Meta’s 5-year CDS climbed 39 basis points to 95 basis points, its highest level since trading began in October 2025. Nvidia’s 5-year CDS rose 32 basis points in 2026 so far to about 82 basis points, the highest since trading started in November 2025. Amazon and Alphabet also posted gains of 30 and 29 basis points, respectively. At the same time, Big Tech companies have issued about $200 billion in corporate bonds so far this year, nearly double the full-year total seen in 2025. The Kobeissi Letter said credit markets are becoming increasingly concerned about the cost of financing the AI race.

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Nvidia

2026-07-28 15:45:09

Nvidia 5-year CDS jumps as report points to massive AI infrastructure deal

Nvidia’s 5-year credit default swaps jumped after a report said the company is moving forward with a new AI infrastructure transaction valued at $750 billion. The move in CDS pricing points to rising market concern over Nvidia’s credit risk, with attention centered on the financial strain that could come with such a large capital spending plan. Nvidia has previously said it would invest heavily in AI infrastructure to maintain its lead in the market. The report was cited by Cointelegraph. While the price move does not by itself spell out a specific funding outcome, it shows investors are paying closer attention to the balance between Nvidia’s expansion plans and the financial burden that may come with them.

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Nvidia

2026-07-28 00:53:00

Nvidia CDS Spread Hits 57.25 Basis Points as AI Debt Gets Repriced

Nvidia’s five-year credit default swap spread widened to 57.25 basis points, marking the biggest jump on record, as investors reassessed credit risk across the AI supply chain. The move came as hyperscale companies are expected to spend more than $750 billion on AI data centers in 2026, according to the report cited by CryptoBriefing. Nvidia is also planning to sell between $20 billion and $25 billion in highly rated bonds in mid-June. Reported demand reached $85 billion, leaving the deal about four times oversubscribed. The financing backdrop points to strong investor appetite for debt tied to AI infrastructure. Earlier, GPU cloud provider CoreWeave sold $4.59 billion in junk bonds. Taken together, the transactions show that capital markets are actively funding AI buildout even as credit protection costs rise for key names in the sector.

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Nvidia

2026-07-27 13:48:39

Nvidia’s five-year CDS logs biggest intraday one-day jump since trading began

Nvidia’s cost of default protection rose sharply on Monday, marking the largest intraday one-day increase since its five-year credit default swaps began trading in November last year, according to ICE Data Services. The move followed reports that the company is in talks over an artificial intelligence infrastructure deal worth more than $750 billion, a development that stirred concern in the market over whether Nvidia could take on a heavier debt burden. Credit default swaps, or CDS, are derivatives used as protection against a company defaulting on its debt. A wider CDS spread generally signals that the market sees higher default risk. In Nvidia’s case, the five-year CDS spread briefly widened by about 0.14 percentage point during Monday’s session. The report did not disclose any further deal terms or financing structure, but the move in CDS pricing reflected a clear shift in risk perception tied to the reported talks.

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Oracle

2026-07-24 13:29:05

Oracle’s 5-Year CDS Hits Record High as Credit Risk Concerns Deepen

Oracle Corp.’s 5-year credit default swaps climbed to about 203 basis points on July 24, setting a record high and signaling sharper concern over the company’s credit profile. At that level, default protection on $10 million of debt would cost roughly $203,000 a year. According to the source material, Oracle’s CDS has risen more than fourfold since mid-2025 and has moved above its peak during the 2008 financial crisis. Borrowing costs are also moving higher. The spread on Oracle’s 6.7% bond due 2056 widened by 8 basis points on Monday to 263 basis points, while the spread on its 5.7% bond due 2036 widened by 9 basis points to 205 basis points. Separately, S&P Global Ratings downgraded Oracle to BBB- on July 9, just one notch above junk status, citing the company’s rapidly growing AI-related spending. The report said Oracle’s credit risk has now reached crisis levels.

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