HSBC CEO warns not all data centers are good bets amid AI boom

Elhedery's caution is notable coming from a bank positioning AI as core to its own transformation: it separates enthusiasm for the technology from conviction about the infrastructure financing underneath it. The emphasis on tenant quality and contract pricing points to a growing due-diligence divide in data center exposure, where project-level fundamentals may matter more than the broader AI narrative. Whether lenders and operators apply that selectivity consistently, and how contract terms hold up as projects mature, is the open question worth watching.