Intel Credit Risk Measure Hits Record High After Earnings Report

Intel’s debt-default insurance costs reached a record after the company released its earnings report. According to Odaily, Markit data showed Intel’s five-year credit default swap spread widened 17.5 basis points to a record 124.75 basis points, putting it on course for its biggest one-day increase since October 2022. Intel had warned that weakness in the PC market would result in net cash outflow this year.