Oracle’s ORCL credit default swaps have surged to their highest levels since 2023 as the company takes on significant debt to fund its AI infrastructure build-out. The cost to insure Oracle’s debt has nearly doubled since June according to ICE Data Services. Morgan Stanley expects net adjusted debt to rise from about 100 billion today to close to 290 billion by fiscal 2028 and recommends hedging with five-year CDS. ​ Oracle（股票代码 ORCL）的信用违约互换（CDS）已飙升至自 2023 年以来的最高水平，原因是公司为资助其 AI 基础设施建设而大幅举债。据 ICE Data Services 的数据，自 6 月以来，为 Oracle 债务提供保险的成本几乎翻了一番。摩根士丹利预计净调整后债务将从目前大约 1000 亿美元上升至 2028 财年接近 2900 亿美元，并建议使用五年期 CDS 进行对冲。 ———— 我认为是没有债务风险的(大老师Bugsbunny)