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Credit Cracks Widen Around AI Financing as Nebius Convertible Settles

Broadcom's credit risk measures rose and Nebius fell 4% as a $5 billion convertible bond settled, dragging down Datadog and Cloudflare in the same session.

Broadcom's credit risk measures rose alongside a decline in Nebius, Datadog and Cloudflare shares as a $5 billion Nebius convertible bond settlement worked through the market on August 24.

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