Apollo exec says data center debt wave is 'tip of the iceberg'
Yahoo Finance·2025-12-11 03:50

The AI boom has sparked a construction frenzy — and the scale of financing needed is only just starting to hit the public eye. "Tip of the iceberg. It's just beginning," John Cortese, head of portfolio management and trading at Apollo Asset Management, told Yahoo Finance's Opening Bid. He noted companies that have historically been asset-light are "just starting to become asset-heavier businesses." Instagram parent Meta (META) is one example. The company "tripled the amount of debt outstanding in one m ...