Kyle Bass Urges Investors to Develop Data Centers in a Play for AI

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.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Shelly Hagan, Alix Steel, and Guy Johnson

May 25, 2023 at 4:20 PM UTC

This article is for subscribers only.

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.