ABS · Asset-Backed Securitization
Financing that bundles cash-flowing assets (such as leases or GPUs) into securities sold to investors.
Current numbers
~$8B (2025) → ~$25B (2028)Morgan Stanley's July-2025 forecast path for total data-center ABS issuance, 2025 → 2028 — both legs are that forecast vintage; ~$15B of ABS actually printed in 2025