Global data center spending is set to explode: • 2022: $275B • 2026: $1.0T • 2028: $2.1T • 2030: $2.93T To put those numbers into perspective, BofA points out that building dedicated AI sites now averages around $57M per megawatt, with nearly 80% of that budget going straight into servers and networking. Chips get all the headlines, but the real crunch coming down the road is the sheer amount of power, cooling equipment, and grid infrastructure required to keep these clusters running. Caveat: Elon warns of stranded compute in half-finished data centers and “guppy-level death & consolidation” among 200+ neoclouds as debt markets tighten for pure AI infrastructure plays. https://x.com/LarkDavis/status/2114485686242009525?s=20