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August 18, 2026 - The AI Trade Flips: Investors Dump Tech for Data Center Debt
The capital is not leaving AI—it is moving down the capital structure.
In this episode of Market Pulse, we examine a striking shift in investor positioning: money rotating away from richly valued technology stocks and toward the debt financing the data-center boom. Rather than abandoning the AI thesis, investors appear to be searching for a more defensive way to participate—favoring contractual income, asset-backed exposure, and greater protection if growth expectations disappoint.
We break down what this rotation says about equity valuations, risk appetite, and the enormous funding…
The skinny
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