英伟达(NVDA.US)预计将租赁一座利用38亿美元垃圾债券发行资金建设的数据中心。此举进一步加剧 了围绕人工智能基础设施的借贷热潮。 英伟达在运营自有数据中心的同时，也通过从亚马逊的AWS和微软的Azure等云服务提供商处租赁空间 来获取额外容量。英伟达利用AI来设计芯片和计算机，该公司表示，这一过程正变得日益复杂，且需 要更强大的算力。此外，英伟达还开发AI模型和软件产品，其中许多是开源的。 近几个月来，数据中心开发商一直在利用高收益债券市场(垃圾债市场)为新设施的建设筹措资金。此 前，两家加密货币矿商——Cipher Mining Inc.和TeraWulf Inc.——在谷歌的支持下进行了此类融资； Applied Digital Corp.也为相关设施筹集了资金，而这些设施将依赖债券评级为垃圾级的CoreWeave Inc. 作为主要租户。 Tract Capital是一家专注于数字基础设施的另类资产管理公司，管理资产规模约为60亿美元。该公司近 期推出了名为"Fleet"的战略，旨在为超大规模企业建设新数据中心。Fleet I是其首支基金，也是本次债 券发行借款方SV RNO Property O ...

Group 1 - The junk bond market is experiencing a resurgence after a period of stagnation due to U.S. President Donald Trump's tariff policies, with companies like Golden Goose and Motel One issuing bonds again [1] - Investment activity is primarily increasing in Europe, driven by expectations of quicker interest rate declines and U.S. investors seeking diversification due to tariff impacts [1] - High-risk transaction types, such as dividend recapitalizations and payment-in-kind notes, indicate rising investor demand [1] Group 2 - The high-yield bond market has made a strong comeback, with last week being the busiest of the year, supported by ample market liquidity [2] - European pharmaceutical company Zentiva raised over €500 million (approximately $550 million) for dividend payments, part of a trend among borrowers engaging in similar transactions [2] - Major transactions are in the pipeline, including JPMorgan leading a $6.5 billion debt financing for 3G Capital's acquisition of Skechers [2] Group 3 - Sunoco LP's acquisition of Parkland Corp. will receive $2.65 billion in loan support, while KKR seeks $3.1 billion for its acquisition of OSTTRA [3] - Some market participants remain cautious, recognizing that not all upcoming projects will succeed despite the current wave of activity [3]