Off the Run | Live

podcasts

November 3, 2026

The Physical Economy Keeping AI in Check

AI is reshaping the data center market at an unprecedented pace, driving significant investment across power, compute, and digital infrastructure. But not all data centers are created equal. Different workloads, customers, locations, and infrastructure profiles can create very different credit risks and opportunities.

In our latest episode of Off the Run: Live, Director of Research Andrew Gillick and Credit Partner Rashad Kawmy, CFA break down the forces shaping the data center market today, including the durability of AI-driven demand, the growing importance of power, and why strong underlying demand does not necessarily make every data center an attractive investment.