Deutsche Bank

Headlines · 4

1. 1d
   Deutsche Bank: AI debt splits into three tiers, Oracle the key warning sign

   Deutsche Bank Research plotted every bond in the USD investment-grade and high-yield indices by yield and maturity, marking AI-related issuers, and concluded AI financing costs are not yet outlandishly high versus the rest of the credit market, though spreads are widening at the far end of the curve. It sorts AI borrowers into tiers: AA-rated Meta, Alphabet, Nvidia and Amazon fund at about 5–5.5% at the short end; BBB-rated Oracle and SpaceX yield roughly 8–8.5% at 10–12-year duration, some 150–200bp above peers; most high-yield AI names are BB at 7–11%. CoreWeave is the exception at 15–19%, its four-month-old unsecured 2032 bond below 80 cents on the dollar and five-year CDS at 1,118bp on Wednesday, the same day Gartner forecast over 80% of emerging cloud providers will lose independent operations before 2030. Deutsche Bank calls Oracle the key warning sign — its five-year CDS widened 36bp in two days to 288bp — warning a downgrade from BBB could force investment-grade-only funds to sell.

   虎嗅 AI · 🔥 4
2. 2d
   Deutsche Bank sees 'promising' signs as AI trade selloff stays contained

   Henry Allen, a macro strategist at Deutsche Bank Research, said on Bloomberg Television that a selloff in the artificial intelligence trade is gathering speed. He called it a "promising sign" that the decline has not spread to Europe or caused a broader slowdown elsewhere. Allen added that if the situation were a real concern, the wider stock market would be falling more sharply.

   Bloomberg Technology · 🔥 0
3. 4d
   Shopify seen as top AI agent checkout engine, though gains may take time

   A Barron's article republished by TMTPost says Shopify stands to benefit over the long term from AI agents, and that investors are starting to believe it. It notes that while the market worried about Shopify's future after Meta launched its AI shopping agent Muse, analysts view Shopify as the preferred checkout engine for AI platforms. Deutsche Bank analysts reiterated a Buy rating and expect the stock to keep rising, while analysts are confident the upcoming third-quarter earnings will beat market expectations, even if the near-term effect on results is not yet obvious.

   钛媒体 · 🔥 0
4. 5d
   Mathematician Alex Gerko's AI-driven XTX lifts him to No. 8 on UK rich list

   Alex Gerko, a 46-year-old mathematician, ranks eighth on the Sunday Times 2026 UK rich list with £16.006bn (about RMB 141.7bn), up £7.261bn from 2025, according to reports citing the list. He owns roughly 75% of XTX Markets, the quantitative market maker he founded in 2015, which uses machine learning to forecast prices and quote liquidity directly to clients; XTX's site says its research cluster has more than 25,000 GPUs, covers over 53,000 instruments across 35 countries, and handles about $250bn in daily trading volume. Its three main UK entities reported combined after-tax profit of about £1.71bn in 2025, but public materials do not break out AI's separate profit contribution, and Gerko's gains largely reflect equity valuation.

   36氪 人工智能 · 🔥 0

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