Nvidia's debt default protection costs hovered near record highs on Thursday. According to ICE Data Services, the cost of providing five-year default protection for Nvidia's debt fell from an intraday high of 144.5 basis points to 143.16 basis points per year, but remained higher on the same day. In contrast, traders said that default protection costs for other big tech companies, including Meta Platforms Inc., Broadcom, and AMD, have declined, and the market expects these companies may benefit from Nvidia's turmoil. CoreWeave raised sales expectations this week and continues to support the broader technology sector.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.