Oct 22 (Reuters) – The cost of insuring Meta Platforms’ debt against default hit an all-time high on Monday, as investors grappled with concerns about the cost of its expanding AI build-out.
Five-year credit default swaps gained 7.3 basis points to a record high of 114.5 bps and were set for its biggest one-day jump since at least 2025, Markit data showed.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur)
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