Blackstone sees AI credit spreads as an opportunity
Blackstone President Jon Gray says widening credit spreads on AI-related debt offer a chance to secure higher yields. The firm posted a third-quarter profit beat driven by strong inflows.
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Blackstone Inc President and COO Jon Gray said on Thursday that widening credit spreads on AI debt could offer an opportunity to capture higher yields. The comments follow growing investor caution over the sustainability of high-leverage AI infrastructure spending. Blackstone is betting that newer asset yields will compensate for rising funding costs.
