The Julia La Roche Show · Saturday, July 4, 2026
Chris Whalen observes that major AI tech stocks are experiencing widening credit spreads, indicating investor scrutiny. He notes that companies like SpaceX faced higher borrowing rates than expected, and others like Oracle are seeing their debt trade at wider spreads compared to Treasuries.
“What's happened with the big AI tech stocks is that their credit spreads are widening.”
“You know, these other companies, Oracle, you know, there's a whole five, 15 or 20 of them, have seen their spreads widen in the bond market. In other words, where they could borrow money or where their existing debt is trading versus US Treasury debt.”
“So what that tells you is that investors are starting to get much more focus and much more critical on where these companies are going.”