[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciocd5bc513":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dciocd5bc513","债务风险升温引发对冲潮！英伟达(NVDA)CDS跻身美国市场最活跃品种之列","\u002Fdoc\u002Fdciocd5bc513","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，在英伟达(NVDA)于今年6月发行250亿美元的公司债后，随着投资者寻求对冲债务敞口，与这家人工智能(AI)芯片巨头相关的衍生品如今已成为美国信用违约互换(CDS)市场中交易最活跃的品种之一。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>标普道琼斯指数公司固定收益可交易品种及大宗商品主管Nicholas Godec援引DTCC数据表示，过去6个月，市场参与者针对69亿美元债务交易了信用保护，而此前6个月的名义交易规模仅为6.4亿美元。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>交易量激增是英伟达被纳入标普最新一轮CDX投资级指数的主要原因，该指数于周一正式生效。英伟达是该指数第47系列中流动性最强的成分股之一，该指数被用作衡量市场感知信用风险的指标。同一系列中的其他公司还包括科技企业甲骨文(ORCL)、亚马逊(AMZN)、谷歌(GOOGL)、博通(AVGO)、Meta Platforms(META)以及微软(MSFT)。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Nicholas Godec表示“与这些公司相关的CDS交易量出现了巨大增长。而随着数据中心等领域融资活动不断进行，没有迹象表明这一趋势会在短期内停止。”本周与英伟达一同加入该指数的6家公司中还包括SpaceX(SPCX)，两家公司均在6月发行了250亿美元的投资级债券。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>AI热潮推动下英伟达、SpaceX债务风险有所上升\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>标普道琼斯指数公司每年3月和9月对CDX指数进行再平衡时，会考察多项因素，包括CDS流动性、信用评级以及发行人的债务结构。新纳入的成分股会重新设定指数的期限，并通常会提升交易量。此次指数调整，加之美国国债收益率上升，导致该指数利差扩大。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>信用违约互换的需求来自寻求对冲超大规模云服务提供商(hyperscalers)债务不断增加所带来的潜在损失的投资者。与此同时，华尔街银行也在买入信用保护，以降低自身对这些借款人的风险敞口，从而使银行能够继续扩大与这些公司的业务往来。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>今年以来，在大举借款以及英伟达宣布一系列与AI相关的基础设施交易后，为英伟达债务提供违约保护的成本已经翻了一倍，这令投资者开始担忧其整体债务负担。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>巴克莱宏观信用策略师Jigar Patel表示“对于任何希望对冲AI特定风险的人而言，AI相关单一名称CDS合约的交易量一直非常惊人。我认为，这使它们成为更好的对冲替代工具。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>标普道琼斯指数公司针对美国高收益市场的互换指数每年两次进行调整，下一次调整预计将于周一进行。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FN\u002FNVDA\u002FNVDA.jpg","2026-09-24T15:25:35","2026.09.24","2026\u002F09\u002F24",32188,[22],"NVDA","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca 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href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":71,"summaryHtml":76,"aboutTitle":77,"aboutHtml":78,"copyrightHtml":79},[44,47,50,53,56,59,62,65,68],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fvip",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"AI智能体","\u002FAiAgent",{"label":60,"url":61},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":63,"url":64},"美股课程","\u002Fcol\u002Fvideos",{"label":66,"url":67},"免责声明","\u002Fdisclaimer",{"label":69,"url":70},"联系我们","\u002FContactUs",[72,73,74,75],"\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]