Rising concern that AI company valuations may be overstretched weakened risk appetite, prompting sales of technology stocks and lifting euro‑denominated credit default swap (CDS) costs. S&P Global Market Intelligence shows the iTraxx Europe Crossover

2026-07-17

Rising concern that AI company valuations may be overstretched weakened risk appetite, prompting sales of technology stocks and lifting euro‑denominated credit default swap (CDS) costs. S&P Global Market Intelligence shows the iTraxx Europe Crossover CDS index rose 2bps to 253bps.