Based on Blockworks, data center construction is surging, but many remain idle due to power shortages, drawing comparisons to the 1999 dot-com bubble and 2008 financial crisis. Analysts warn of potential stranded assets and misforecasted demand for AI compute, with JPMorgan estimating AI must generate $650 billion annually to justify current investments. The U.S. leads in data center development, while China's exports are shifting away from the U.S.
Data Center Infrastructure Frenzy Sparks Bubble Comparisons to 1999 and 2008
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