Meta’s credit risk indicator jumps to record high after results

(Corrects day in paragraph 1)

Oct 22 (Reuters) – ​The cost ‌of insuring Meta Platforms’ debt against default ‌hit ​an ⁠all-time high on ⁠Thursday, as investors grappled with concerns about ​the cost of its ⁠expanding ⁠AI build-out.

Five-year ​credit default swaps ​gained 7.3 basis ‌points to a record high of ⁠114.5 bps and were set for ⁠its ‌biggest one-day ⁠jump since ​at ‌least 2025, Markit ​data ⁠showed.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Arun ​Koyyur)