The cost of insuring Meta Platforms' debt against default reached an all-time high on Monday. Investors are weighing concerns about the cost of the company's expanding AI build-out.
Meta Platforms' debt became the most expensive on record to insure on Monday, as investors grappled with concerns about what its expanding AI build-out will cost.
Five-year credit default swaps on the company's debt gained 7.3 basis points to 114.5 bps, a record, according to Markit data.
The move was also set to be the biggest one-day jump since at least 2025, Markit data showed.
Source: Investing.com (Reuters) (snippet-based)
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