AI debt and French bonds face a stress test — why it may not be over
- Investors are scrutinizing debt numbers behind the AI infrastructure boom as five-year credit default swap spreads widened for CoreWeave, Oracle, SoftBank Group, France and Italy.
- AI-related bonds have been selling off as markets raise the cost of capital amid concerns of a financing crunch.
- France’s fiscal strains are pushing default-protection costs above Italy’s, while broader credit indexes suggest the pressure extends beyond individual AI-linked borrowers.