Capital Scarcity Meets Debt Frenzy: From AI Clouds to French Sovereign Debt, CDS Spreads Widen Across the BoardWho Is Paying for High Leverage?

Zhitong Finance APP has learned that from AI companies financing data center projects to the heavily indebted French government, the credit market is flashing warning signals as investors become increasingly wary of lending risk. According to an analysis of FactSet data, the five-year credit default swap (CDS) spreads of CoreWeave, Oracle, SoftBank Group, as well as France and Italy, have all widened.