Kyle Bass, who has been predicting serious pain in the US office market, is taking a different view toward data centers as a new wave of artificial intelligence applications drives tech firms’ needs for more computing power.
“People that are developing data centers don’t even get them developed before one of the FAANGs leases it for 30 years,” Bass, the founder of Hayman Capital Management, said in an interview with Bloomberg Television Thursday.
Hayman Capital Management founder and CIO Kyle Bass says Nvidia has “a long way to run,” advises investors to “get out of China” and expects the Federal Reserve to cut rates aggressively next year. Speaking with Alix Steel and Guy Johnson on “Bloomberg Markets,” Bass also comments on the US debt ceiling standoff and SEC whistleblower rules.
The Dallas-based investor made the comments after chipmaker Nvidia Corp. surprised analysts with a surging revenue forecast, propelling a jump in stocks linked to ...