Tiwari: GPU Depreciation Doesn't Matter in Fully Amortizing Contract-Backed Debt
Neil Tiwari · Who's Actually Funding the AI Buildout? · Feb 26, 2026 · at 10:54
Neil Tiwari, partner at Magnetar Capital, addresses concerns about rapid hardware depreciation in AI infrastructure debt.
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“First is, On that depreciation question, in these kind of debt structures, it doesn't really matter because the debt's fully paid off by the end of the debt term against committed contractual you know, contracts from investment grade counterparties.”
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