🛢️ The market does not hate AI. It hates AI spending without receipts.
Oil crossed $100, long term Treasury yields approached levels not seen since the financial crisis, and the Magnificent Seven lost nearly $800B in market value during Thursday’s selloff. The market finally asked the question every serious lender asks: where is the contractual cash flow?
🏗️ This morning’s GRO Money News examines the $40B acquisition of Aligned Data Centers and BlackRock’s proposed $12B financing for Meta’s nearly one gigawatt El Paso campus. The structure shows exactly what makes AI infrastructure bankable: a 20 year credit tenant commitment, defined cost overrun support…
The skinny
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