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Many income investors are more exposed to the AI trade than they realize, often through holdings that look "safe." The usual objection that de-risking means giving up attractive dividends doesn't hold up. Two covered call ETFs that I discuss in this piece barely moved during last week's AI sell-off, and the reason is in how they are built.

I remain bullish on long-term digital infrastructure demand, favoring data center and cell tower REITs over heavily leveraged AI cloud providers. Data center moratoriums are unlikely to trigger a recession, as capital migrates to receptive markets and demand remains robust. Technological obsolescence and orbital computing are risks, but well-located, adaptable infrastructure with prudent financing can retain value…

CoreWeave (NASDAQ: CRWV) stock has recorded massive insider selling activity, with 12 insiders selling shares worth over $5 billion in 12 months as the equity faces mounting pressure.

CoreWeave's bond yields went up to 15%, which will make refinancing its debt more expensive, and its 0.46 current ratio means some of that refinancing will have to happen soon. In contrast to other neocloud platforms, CoreWeave does not own most of the property where its data centers are sited, nor the power supplies for them.

Data center backlash is delaying projects, but AI demand is shifting capital toward the companies solving the buildout's bottlenecks.