carol

Major asset managers (Apollo, Brookfield, Blackstone, KKR, Goldman) are providing debt backed by Nvidia GPUs, turning compute into a financeable infrastructure asset class; this reflects a broader reshoring of capital-intensive manufacturing onto S&P 500 balance sheets.

Major asset managers are mobilizing half a trillion dollars to finance GPU infrastructure as collateralized assets, creating a new investable asset class around AI compute while raising circular financing questions across equity and debt markets.

Energy grid hasn't needed expansion for decades; now AI demands many multiples of historical load. Markets must price core inflation from steady infrastructure-driven demand growth, with deflationary payoff only later this decade or early next.