Meta disclosed on Thursday that its total future spending commitments on AI infrastructure reached approximately $825 billion as of the end of September, a significant increase from the $700 billion disclosed in July. Following this announcement, the price of Meta's five-year credit default swaps (CDS), which measure the company's credit risk, surged to about 119.3 basis points, an all-time high, and the company's bonds weakened relative to U.S. Treasuries. Market concerns that tech giants will continue to borrow heavily for AI expansion, exacerbating pressure on the bond market, also led to a synchronous rise in CDS prices for peer companies such as Oracle, Microsoft, and Broadcom.