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Banks are now trying to offload the AI data center debt they just underwrote
(startupfortune.com)
this post was submitted on 14 Oct 2026
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It's happening!!! Bubble pop is happening!!! article is underplaying it.
Coreweave debt pushed towards 16% yield today. The worst of the AI clusterfuck. Oracle, 2nd worse, move to 8% which is still absurdly low, but was holding 6% a week ago.
Main headline, yes the big banks are selling off debt to losertards. At a discount. Insurance companies are the losertards chasing yield, but have big losses today.
Nvidia, the circular financing backstop for the bubble, signaled today that it is just waiting for bankruptcies to swoop in instead of propping up the fraud. Bond/share holders will get crushed, and bubble dead, but still Nvidia will drive rampocalypse if the datacenters are still alllowed.
If they bubble can take down oracle on the way out I suppose it will have been worth the cost of entry.
yep, adding in open AI's oopsie accounting - https://www.theguardian.com/technology/2026/oct/09/openai-forecast-revenue-gap
burst, baby, burst!