Tech is Selling Off. AI Debt Fears Are Rising. So Why Does a $4B Manager See a Reverse Bubble?

Podcast: Excess Returns · Excess Returns

Opublikowano: 2026-10-30

Jay Hatfield of Infrastructure Capital Advisors makes the case for an AI "reverse bubble" and explains how earnings growth, interest rates, and valuation shape his market outlook. Rather than treating AI spending as proof of excess, he looks at contracts, financing costs, and the returns companies can earn on their investments. In this episode of Excess Returns, Jay joins Jack Forehand and Justin Carbonneau to discuss his S&P 500 scenarios, the debate over CoreWeave and AI infrastructure debt, and why he believes some technology stocks offer better value than perceived safe havens. He also...