SemiAnalysis: Data centers may face oversupply in 2028, currently due to chip oversupply and limited power supply BlockBeats News: On October 22nd, Jeremie Ontiveros, head of data center and energy research at semiconductor research firm SemiAnalysis, stated that there is currently a certain degree of chip oversupply in the market, and obtaining GPUs is easier than obtaining power from data centers. It points out that making predictions about data centers is relatively easy because it can be traced in advance through infrastructure signals, and the volatility of the chip supply chain is greater. Looking ahead to 2026 and 2027, the market is demonstrating strong energy responsiveness. Ontiveros warns that by 2028, supply chain risks may reverse and there is a potential risk of oversupply in data centers. Compared to the current oversupply of chips, the industry is more concerned about the oversupply of data services, and the expansion speed of the chip supply chain will be a core indicator for close monitoring in the future. This expansion is a strong positive signal for capital expenditures, including investing in new semiconductor wafer fabs and purchasing new equipment.