Alphabet Selloff Pushes Up the Cost of Insuring Its Debt

The cost of insuring Alphabet’s debt climbed as its shares fell sharply on Thursday, as weaker-than-expected quarterly results intensified investor concerns about the returns on its heavy AI spending. Five-year credit default swaps on Google’s debt rose by as much as 5.3 basis points to 84 basis points a year, the largest daily increase since Sept. 21, according to ICE Data Services. Alphabet shares fell as much as 12.9% during the session. The Edge Singapore and The Associated Press