Galaxy CEO Says AI Credit Market Anxiety Near Its Peak

Novogratz Says Credit Market Is Reaching 'Peak Nervousness'. Michael Novogratz, the billionaire founder and CEO of the crypto financial services conglomerate and artificial intelligence data-center provider Galaxy Digital Inc., said the anxiety in global credit markets over AI spending is on the verge of easing. "We have indigestion in the credit market," Novogratz said on a conference call Tuesday following the release of Galaxy's third-quarter results. "It is probably close to peak nervousness. There's not an easy path out, but I think time is going to heal this thing." Yields on CoreWeave Inc.'s junk bonds recently surged to levels usually signalin