JPMorgan's Mulvihill on AI Concentration Concerns

Aaron Mulvihill, Global Alternative Strategist at JPMorgan Asset Management, said public and private markets are connected as investors reassess the financing risks of the AI and data-center buildout. Credit demand and originations have not slowed, he said, but lenders are becoming more selective: AI-related borrowing must offer returns that justify its cost. He speaks with Romaine Bostick on "The Close."