Yeah, I’m not a big fan of the “don’t build data centers here, build them there” conclusion of the report. I see no reason why we should be allowing these monstrosities to be built in the first place, they’re a total waste of essential resources.

If people think it’s a bubble, then it’s a bubble! (Self-fulfilling prophecy.) Google Trends is a decent gauge of public sentiment. That said, the fundamentals are pretty flawed too.

True, but consider that a huge amount of retail investors’ portfolios are tied to the S&P 500/NASDAQ. Think retirement savings, IRAs, 401(k)s, pensions, etc. Then consider that the entire market is effectively propped up by AI right now (see: The entire stock market is being carried by these four AI stocks). If the market gets a 60% correction, it’s going to be the middle class losing their shirts all over again.

Seems like you’d just lift up the mattress like they did for this picture.