Bloomberg Intelligence BlackRock Nears $40 Billion Data Center Deal in Bet on AI
13 snips
Oct 3, 2025 Jody Lurie, a Bloomberg Intelligence credit analyst specializing in the cruise industry, shares insights on consumer demand and booking trends. She highlights the strong return of cruisers and increased onboard spending, yet flags potential dips in demand by 2026. Lurie discusses the balance between new ship construction and debt reduction and examines varying pricing strategies among cruise lines. Her analysis sheds light on how market dynamics could impact future profitability and customer acquisition, raising questions about brand differentiation in a competitive landscape.
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AI Demand Expands Beyond Chips
- AI demand extends beyond chips to construction, power, cooling and land, expanding total addressable market significantly.
- Ed Ludlow estimates compute demand numbers that grow the market from roughly $4 trillion to about $7 trillion when infrastructure is included.
Private Equity Signals AI Peak Questions
- Private equity interest in real estate assets like data centers may reflect a late-cycle or bubbly enthusiasm around AI.
- Participants warn this could be a "bubble that will pay off" — big capital flows with uncertain long-term returns.
777X Delay Brings Big Charges
- Boeing's 777X program faces further delays to commercial service, now likely in early 2027.
- Siddharth Philip warns the delay will force multibillion-dollar accounting charges and postpone cash inflows from orders.