Chart linesCredit spreads chart linesUS corporate averageHyperscaler averageMicrosoftAmazonAlphabetMetaOracleNeoclouds averageCoreWeaveCompute suppliers averageNVIDIABroadcomAMDMicronPower and physical build averageVertivGE VernovaLow riskMedium riskHigh risk0 bp100 bp200 bp300 bp400 bpQ3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26US corporate averageHyperscaler averageCompute suppliers averageLow risk: < 100 bpMedium risk: 100–300 bpHigh risk: > 300 bp