On December 19, 2025, Blackstone Group CEO Schwarzman publicly stated that the data center business is not a bubble but rather extremely conservative. He pointed out that Blackstone has secured stable cash flows by building its own data centers and signing long-term leases of over 10 years with creditworthy companies such as NVIDIA, assuming the role of a direct service provider. Currently, Blackstone manages assets worth $1.2 trillion, making it one of the world's largest owners of data centers.
