According to CoinMeta, the stock price of Google's parent company Alphabet has plummeted, and the cost of debt default insurance has subsequently risen. According to data from ICE, a data services company, the price of the five-year credit default swap (CDS) that measures Google's debt default risk rose by a maximum of 5.3 basis points, reaching 84 basis points per year, the highest level since September 21. Jigar Patel, a credit strategist at Barclays, analyzed that the volume of CDS transactions related to the world's top ten large-scale cloud service providers and chip manufacturers has more than doubled this year, reaching $176 billion. In 2026, the related transaction volume is expected to grow nearly fivefold compared to last year, reaching $46.8 billion.