CDS for 4 semiconductor companies 104–168bp… cloud 53–114bp

Five-year credit default swap spreads for four major U.S. semiconductor firms ranged from 104bp to 168bp as of October 28, compared with 53bp to 114bp for four leading cloud companies, according to Barclays AI portfolio data cited by Crypto Briefing. Among chipmakers, Intel ($INTC) stood at 104bp, AMD ($AMD) at 121bp, Nvidia ($NVDA) at 125bp and Broadcom ($AVGO) at 168bp, while cloud peers Microsoft ($MSFT) posted 53bp, Alphabet ($GOOGL) 80bp, Amazon ($AMZN) 81bp and Meta ($META) 114bp. The ranges partially overlap, and Intel's spread sits 10bp below Meta's, though AMD, Nvidia and Broadcom price wider than the cloud group. The gap indicates credit markets assign more default risk to semiconductor issuers than to hyperscale cloud platforms, even as both ride the same AI spending wave. Spread direction from here bears watching as AI capital expenditure guidance and chip demand signals evolve.