Nvidia’s credit default swap spreads have climbed to 69 basis points, officially surpassing Alphabet’s 64 basis points, reflecting growing investor unease about massive tech capital expenditure bets. Nvidia’s spreads have steadily risen from roughly 42 basis points in late June to approximately 57 basis points by mid-July. The company is targeting a major investment-grade bond issuance of approximately $25 billion in 2026. Oracle’s CDS spreads have surged to multi-year highs above 75 basis points, while Amazon, Microsoft and Meta have also seen their spreads drift upward.
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