Andrew Keches

In this insightful discussion, Andrew Keches, Co-Head of U.S. High Grade Credit Research, shares his expertise on the rapidly evolving funding landscape for big tech. He explains how hyperscalers are shifting from cash-funded expansions to debt financing, revealing the implications for credit markets. The conversation touches on the overwhelming recent debt issuance, risks associated with private funding, and the differing outlooks between credit and equity investors regarding AI's future in capital-heavy sectors. A must-listen for anyone interested in tech finance!