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Schroders: Bigger Risk for AI Infrastructure Lies in Financing; Anthropic IPO Expected to Be Key Gauge of Market Demand
2026-11-10 09:51:18 Schroders' global equities investment team said that after the dust settled on the US midterm elections, the Democratic Party gained governing power in states such as Texas and Ohio. Some states located in core regions for data center construction may strengthen regulatory scrutiny, potentially leading to higher costs and delays in some projects, prompting investors to reassess development risks for AI infrastructure. Current AI demand indicators remain strong, and Schroders expects related infrastructure construction to continue. Some future data centers may ultimately need to relocate to other states or countries. The firm said the market focus has shifted from whether AI infrastructure will be built to how fast construction will proceed, how funding will be raised, and which companies are best positioned to benefit. It believes the more noteworthy risk lies in financing. The firm explained that AI infrastructure development requires funding support from capital markets. Hyperscale cloud service providers and frontier AI model companies are investing heavily and therefore increasingly need financing through equity and bond markets. If financing costs become too high or capital supply proves insufficient, the pace of investment may need to slow. Schroders expects Anthropic's IPO to likely become an important gauge for testing investor demand. Schroders expects investors to place greater emphasis on corporate financial strength in the future, including whether balance sheets are solid, whether companies can continue generating cash flow, and whether business models are sustainable. Companies with stronger financial positions will be better able to support AI investments and will also have greater opportunities to achieve desirable returns, while companies that rely more heavily on external financing may still face greater funding pressure. (gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |