AI spending spree CRASHING the Bond Market: NVIDIA's risk

Mark Tepper highlights surging credit default swaps for hyperscalers like Nvidia, questioning bondholders' willingness to finance endless AI spending.

Mark Tepper and Darius Dale discuss the bond market's reaction to massive AI spending, noting surging credit default swaps for major tech firms like Nvidia. Dale explains that AI's insatiable demand for capital competes with global sovereign debt, a situation that historically precedes significant market corrections. He warns of potential broad declines in global liquidity.