Commodities

AI Juggernaut Rumbles on Even as Markets Whipsaw

The Stargate AI data center in Abilene, Texas.

Photographer: Kyle Grillot/Bloomberg

The artificial intelligence credit juggernaut keeps pushing forward as the relentless demand for exposure to the industry trumps fears that the conflict in the Middle East is causing energy prices and inflation to rise.

Despite the geopolitical headwinds, Wall Street was still able to successfully stitch together tens of billions of dollars in funding to underpin the AI boom in recent weeks. The tumult may even be making AI-linked high-grade debt more appealing this year as investors seek havens.