Janus Henderson portfolio manager John Lloyd, whose fund owns CoreWeave bonds, sees a buying opportunity for this 'best in class' data center play.
- Janus Henderson portfolio manager John Lloyd sees a buying opportunity in CoreWeave's deeply distressed debt, believing the market is overreacting to its high leverage and financing costs.
- Lloyd highlights CoreWeave's strong position in the AI compute market, its ability to innovate financing solutions, and lack of near-term maturities as reasons for optimism.
- Despite market skepticism and high yields, Lloyd believes CoreWeave's bonds will recover, driven by robust demand for AI infrastructure and potential IPOs of major clients.
Topics: Asset types, Scalability, Institutional adoption, Financial instruments, Institutional capital inflows, Asset manager initiatives
Tags: #coreweave #bonds #debt #datacenter #janushenderson #yield #financing #aicompute #creditdefaultswaps #capitalexpenditures
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