[NVIDIA has become one of the most active targets of U.S. credit default swaps and hedging demand has soared] September 24th, derivatives linked to NVIDIA have now become one of the most actively traded varieties in the U.S. credit default swap (CDS) market, and investors are actively using this tool to hedge the risk exposure of the company's bonds. Nvidia was added to the CDX investment grade index as market participants surged in credit-protected trading of Nvidia bonds. Market participants traded $6.9 billion in notional amounts of credit protection in the past six months. The cost of hedging against a default on Nvidia's bonds has doubled this year after the company borrowed heavily and the company announced a series of AI-related infrastructure deals.