Credit Default Swaps for Oracle, Broadcom, and Nvidia continue to widen out, with Oracle at a 23% default probability, Nvidia at about 8%, and Broadcom at 12%. Data center deals are being postponed, pulled, or canceled.

Credit Default Swaps for Oracle, Broadcom, and Nvidia continue to widen out, with Oracle at a 23% default probability, Nvidia at about 8%, and Broadcom at 12%. Which is pretty amazing, given these are among the largest companies in the world. pic.twitter.com/FUy1mH4T2n

— Michael J. Kramer (@MichaelMOTTCM) October 19, 2026

Data Center Disasters: full list of all the recent data center deals that have been postponed, pulled, or collapsed https://t.co/rEuMWSN2lk pic.twitter.com/8muTZXkiua

— zerohedge (@zerohedge) October 20, 2026

GOLDMAN SACHS WARNS INVESTOR RISK APPETITE IS COLLAPSING

Goldman Sachs says its risk-appetite indicator has turned negative for the first time since April, reaching its lowest level since the early stages of the Iran war.

Investors are selling AI stocks and moving into U.S.…

— *Walter Bloomberg (@DeItaone) October 20, 2026

Bad sign for data centers.

A data centre provider has plunged more than 30pc on its stock market debut, fuelling fears of an AI slowdown.

South Korea’s Elice Group, which provides data centre capacity to thousands of tech customers, suffered the shares flop when it started trading on the country’s tech-focused Kosdaq index on Tuesday.

Shares fell by as much as 38pc before closing down at 63,600 won (£35.90), having been floated at 90,500 won.

The slide cast a shadow over South Korea’s benchmark index, the Kospi, which closed down 4.2pc overnight. Some of the world’s largest AI companies including Samsung and SK Hynix are listed on the index.

The talking heads on CNBC are telling everyone to pile back into memory stocks because "They're cheap compared to earnings"…

What they aren't telling you is P/E is totally irrelevant for memory stocks.

Every single memory cycle has rolled over when gross margins peak.

During… https://t.co/H8xK0PHO0O pic.twitter.com/fX8xFhqZPw

— Financelot (@FinanceLancelot) October 19, 2026

You want to know why $NVDA trades at a decade-low forward PE multiple?

Well consider the scene: one of your largest customers is taking delivery of $3B of your product every month and can't even plug it in. As a result, it went from one of the world's largest cash cows to cash… https://t.co/KjzDWhZ7nr

— Ross Hendricks (@Ross__Hendricks) October 20, 2026

US electricity prices are skyrocketing.

The average price of US residential electricity has risen +11% since January 2025, to 19.6 cents per kilowatt-hour in August 2026, near an all-time high.

Average prices during the first 8 months of 2026 were +40% higher than in the same… pic.twitter.com/vRGQygurnx

— The Kobeissi Letter (@KobeissiLetter) October 20, 2026