AI Investment Concerns Deepen: Credit Default Swaps Spike on Tech Debt

Investing.com - Investors are buying credit default swaps to protect portfolios against potential losses from AI-related debt, driving trading volumes higher for the derivatives that gained prominence during the global financial crisis. More than $9 billion worth of CDS linked to bonds issued by Oracle (NYSE: ORCL), SpaceX, Alphabet (NASDAQ: GOOGL), Amazon (NASDAQ: AMZN), Meta (NASDAQ: META), Broadcom (NASDAQ: AVGO) and Nvidia (NASDAQ: NVDA) was traded on average each week in September, up from

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AI is a transformational technology worth investing in — but investors must be selective when investing in data centers, according to the head of one of the world’s biggest banks.

Speaking to CNBC’s Dan Murphy on Tuesday, HSBC CEO Georges Elhedery called artificial intelligence “a major enabler to re-engineer and reimagine all our businesses, all our activities.”

“It’s going to put a lot of power back in the hands of our colleagues because of the level of productivity it gives

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Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.

The tech trade staged a comeback as investors pile into the sector in the U.S., but the same sentiment did not cross the Pacific.However, public listings are very much on the table in Asia, with firms jostling for a piece of India’s Jio IPO and venture capitalist Jenny Lee saying that startup

Investing.com -- European chip stocks opened lower Tuesday, tracking steep losses among Asian peers amid renewed concerns over the sustainability of the global AI investment boom.

Technoprobe, Siltronic and Soitec each fell more than 4%, while ASM International, BE Semiconductor, Aixtron, STMicroelectronics and Infineon all dropped more than 3% by 07:34 GMT.

The declines followed a sharp selloff in South Korean memory giants Samsung Electronics and SK Hynix, which closed 3% and 4.2% lower, res