Data centers have quietly become one of the fastest-growing corners of the credit market. We break down the AI infrastructure capex surge, the financing gap between construction and cash flow, and the risks underwriters are pricing into the sector. Plus, the latest market moves, Fed expectations, and where we see opportunity in fixed income. #mutualfunds #assetmanagement #finance Investors should consider a fund’s investment goal, risk, charges and expenses carefully before investing. The prospectus contains this and other information about the fund and can be obtained at www.aristotlefunds.com. It should be read carefully before investing. Investing involves risk. Principal loss is possible. Foreside Financial Services, LLC, Distributor.

102: The Cost of Computation - Understanding the economics shaping the future of AI Infrastructure

Getting Credit

Welcome to Getting Credit, a podcast from Aristotle Funds. Building on the conversations from our Credit Perspective series, Dominic Nolan, CEO and Alex Warren, VP of Aristotle Pacific Capital, the sub-advisor to Aristotle Funds Fixed Income Funds, sit down for a candid discussion on the latest market developments, the Fed, and a rotating special topic. Let's begin.

Thank you for joining us today. I'm Alex Warren, Client Service Manager at Aristotle Pacific Capital. I'm speaking with Dominic Nolan, CEO of Aristotle Pacific Capital and host of the Getting Credit podcast. On today's webinar we'll take a look at the latest moves in equity in bond markets, strength of the economy, Fed expectations, and opportunities in fixed income. Our special topic today is a look at the economics shaping the future of AI Infrastructure. As always, we'll finish up with a random round of questions and a personal reflection.

Dominic, welcome. Dominic Nolan, Thanks for having me. Dominic Nolan, Let's start with markets. Performance was a mixed bag with weakness in bonds and growth stocks. What happened? Dominic Nolan, All right. Well, let's go over. Oh, by the way, mixed is right. Let's go over the performance recap. The S&P folks was flat. I mean down six basis points. That's a so what. But still up 10% for the year. The equal weight index was up a percent and that is outperforming. Growth was down. Standout Russell 2000 value up 23%.

This year. That's great. That's great. But it had periods of underperformance. Oh, yeah. So it's catching up. Yeah. What happened? Well, here, rising yields. I think you had tensions reemerge around the Strait of Hormuz. And I think on the margin, a hawkish, hawkish FOMC, at least from a rhetoric standpoint.

102: The Cost of Computation - Understanding the economics shaping the future of AI Infrastructure

Read the full transcript

The candid version is on a podcast,
not the earnings call.

102: The Cost of Computation - Understanding the economics shaping the future of AI Infrastructure

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.