AI Infrastructure Credit Research Analyst

SemiAnalysis; New York (NY); On-site; USD 140,000 - 190,000; Full time

Job summary

SemiAnalysis LLC is seeking an experienced markets professional to join its Capital & Markets team in New York. The role centers on assessing credit pricing, investor appetite, and market conditions to support underwriting and pricing strategies, while expanding our GPU rental indices and related benchmarks.

You will build and maintain relationships with credit investors and lenders, translate market views into actionable insights, and collaborate with credit analysts.

Qualifications

• 5-7 years of experience in credit sales, sales trading, or trading.
• Experience pricing debt or discussing pricing with investors and traders.
• Strong understanding of how fundamentals, supply and demand, and investor activity affect credit pricing.
• Established network across credit markets with knowledge of different investors' mandates.
• Ability to form and explain a market view and reassess it as conditions change.
• Strong communication and relationship management skills.
• Interest in applying market experience to analysis and investor relationships without trading risk.

Responsibilities

• Provide current views on credit pricing and market drivers.
• Track new issuance, investor demand, and trading activity affecting pricing.
• Build and maintain relationships with credit investors, lenders, and market participants.
• Assess which investors may be interested in a financing opportunity and terms they expect.
• Collaborate with credit analysts to connect analysis with pricing and expectations.
• Communicate market insights clearly and explain implications for the team.

Skills

Credit pricing

Investor relations

Market analysis

Communication

Networking

Debt pricing

Job description

Employment Type: Full-Time

Work Setting: In-office

Work Location: New York / San Francisco

Work Hours: Office hours

Find out more here: https://semianalysis.com

About SemiAnalysis

SemiAnalysis is an independent research firm focused on semiconductors and AI. We combine technical research, financial analysis, and industry expertise to help investors and technology companies understand these industries and make informed decisions.

Position Overview

With an estimated $11 trillion of cumulative AI CapEx through 2029 requiring roughly $7 trillion of debt financing, SemiAnalysis is building its Capital & Markets team to answer critical questions about how this investment will be funded. Our mission is to forecast capital needs across neoclouds, hyperscalers, and AI labs; explain how financing structures must evolve to serve those needs, including shorter-duration demand from AI-native companies; and maintain a comprehensive database of funding, offtake, backstop, guarantee, credit enhancement, and off-balance-sheet arrangements that makes interconnected exposures clear.

We are looking for an experienced markets professional with strong pricing knowledge and established investor relationships. You will assess market conditions, investor appetite, and credit pricing, while helping expand our GPU rental indices across chip types and contract durations and develop token price and inflation benchmarks to support underwriting and risk management.

We welcome candidates from credit sales, sales trading, and trading. This role focuses on market analysis and relationships and does not involve managing a trading book.

Key Responsibilities

• Provide current views on credit pricing and explain the factors driving changes in the market.
• Track new issuance, investor demand, and trading activity to understand how supply and demand affect pricing.
• Build and maintain relationships with credit investors, lenders, and other market participants.
• Assess which investors are likely to be interested in a financing opportunity and what terms they would expect.
• Work with credit analysts to connect their financial analysis with current pricing and investor expectations.
• Communicate market insights clearly and explain their implications for the team’s work.

Requirements

• 5-7 years of experience in credit sales, sales trading, or trading.
• Regular experience pricing debt or discussing pricing with investors and traders.
• Strong understanding of how company fundamentals, supply and demand, and investor activity affect credit pricing.
• An established network across credit markets and a detailed understanding of different investors' mandates and preferences.
• The ability to form a clear market view, explain the reasoning behind it, and reassess it as conditions change.
• Strong communication and relationship management skills.
• Interest in applying your market experience to analysis and investor relationships without managing trading risk.

SemiAnalysis LLC participates in the E-Verify program to confirm the employment eligibility of all newly hired employees. For more information, visit e-verify.gov.

• E-Verify Poster: https://www.everify.gov/sites/default/files/everify/posters/EVerifyParticipationPoster.pdf
• Right to Work Poster: https://www.justice.gov/crt/case-document/file/1133936/dl?inline=