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Guy LeBas highlights that three of the ten largest U.S. corporate bond deals in the past year have been carried out to finance AI data center projects.
This trend underscores the growing financial commitment to artificial intelligence infrastructure among major corporations in the U.S.
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LeBas has previously analyzed monetary policy trends, stating that FOMC minutes revealed a hawkish tone with limited support for further rate hikes. He has also examined differences in capital and labor returns over time, noting that capital returns have outpaced labor for decades. These observations provide context for his coverage of recent financing activity tied to AI infrastructure.