Chamath Palihapitiya's Nervous 'Gulp' A Sign Of Things To Come? Oracle's Credit Default Swaps Surge Past COVID-19 Levels
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Investor Chamath Palihapitiya highlighted Oracle Corp.’s (NYSE:ORCL) surging credit default swaps, hinting at growing unease in credit markets over the debt-fueled AI infrastructure push. CDS Rates Surge Past COVID-19 Levels On Tuesday, in a post on X, Palihapitiya shared a chart showing Oracle’s CDS had surged to 160 basis points, which reflects the rising annual cost of insuring the company’s debt against default. Palihapitiya just said “gulp” in his post, while pointing out that the company’s
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Investor Chamath Palihapitiya highlighted Oracle Corp.’s (NYSE:ORCL) surging credit default swaps, hinting at growing unease in credit markets over the debt-fueled AI infrastructure push. CDS Rates Surge Past COVID-19 Levels On Tuesday, in a post on X, Palihapitiya shared a chart showing Oracle’s CDS had surged to 160 basis points, which reflects the rising annual cost of insuring the company’s debt against default. Palihapitiya just said “gulp” in his post, while pointing out that the company’s