Kid's surname would be "Taylor's Edition"

Wall Street is not ready for next few years when these companies will borrow like crazy And by 2029, the US government will start supporting them

This guy was on the all-in podcast main stage

Everything that happened in the data center world today (Oct 26, 2026) The money week starts now. Anthropic filed to go public, Meta is selling $35B of stock, and SpaceX lined up $40B to lease GPUs. FUNDING - Follow-up: Anthropic's S-1 is public, Nasdaq ticker ANT. H1 revenue $16.29B vs $1.16B a year ago. H1 net loss $80.7B, mostly accounting charges. $9B on AI infrastructure in H1 vs $7.3B in all of 2025. Marketing could start the week of Nov 9 (Anthropic, CNBC, Yahoo Finance, Bloomberg) - Follow-up: Meta launched ~$35B of stock sales for AI: $22.5B of Class A plus $12.5B of mandatory convertible preferred, and plans a ~$60B at-the-market program once Class C shares trade. Nvidia, AMD and Broadcom indicated interest in up to $5B, non-binding (Meta) - SpaceX signed a binding commitment with an Apollo-managed entity for a ~$40B GPU finance lease, ~5-year terms, starting H1 2027 on delivery. Still has closing conditions. Musk says 200+ neoclouds face failures and consolidation as debt tightens (SpaceX filing, CNBC) - AI tenants now ask for $5M+ a day in late-delivery penalties, up from ~$1M this spring. Marsh built a new "delay-in-delivery" insurance policy for a gigawatt project (The Information) MEMORY - SK hynix says nothing is final on a reported 16T won (~$12B) special dividend from Kioxia gains, about 80% of ~20T won. New shareholder returns come with Wednesday's results (Dong-A Ilbo, SK hynix filing) - Nvidia's Vera Rubin page now lists 19.2 TB/s of HBM4 bandwidth per GPU vs 22 TB/s before, and 3 TB/s of NVLink vs 3.6. Implies ~9.3-9.6 Gbps per pin vs the 11.7 asked of suppliers. No reason given (Nvidia, Wccftech) - Follow-up: Samsung and SK hynix reportedly target Q2 2027 to ship 8-high HBM4 to Nvidia, as Rubin Ultra may mix 8-high stacks because 12-high has heat and yield problems. 8-high still needs its own qualification (ZDNet Korea) - BofA's Vivek Arya: memory stays tight in 2027 and 2028. Micron's customer deals now run 3-5 years, about 35% of sales, seen ~50% by 2030. Buy, $1,550 target. (TipRanks) POWER - EQT is buying Range Resources in an all-stock deal, >$50B enterprise value, >9 Bcfe/d of gas. Pitched at LNG, power and AI data center demand. Close Q1 2027 (EQT) - Follow-up: Trump told a Georgia rally to ask data center builders for "$10,000, $15,000, $20,000 for everybody that lives in the community." He also backs local approval power (Atlanta News First) BUILDS - Malaysia's PM says SoftBank's Son picked Kuching and peninsular sites for a planned $50B AI and data center investment. SoftBank hasn't commented (CNBC, Bloomberg) - Tata Communications will spend $400-450M over 3-5 years on a 10,000km fiber network linking India's AI data centers, Mumbai-Pune-Hyderabad-Chennai first (Tata Communications) MARKETS - KOSPI -1.46% to 5,469.47, a 7-month low. Foreigners sold ~700B won. Samsung -1.16%, SK hynix -0.16%. Nikkei -0.8%, Tokyo Electron and Advantest -3%+. Taiwan closed for a holiday (Korea Herald, Businesskorea, Yonhap Infomax) - Goldman cut its KOSPI target to 9,000 from 12,000 but stays overweight. Says memory valuations imply a ~65% drop in 2027 earnings (CNBC) What it all means: The AI build is now a capital markets story. In one day Anthropic opened its books, Meta started selling stock, and SpaceX lined up a $40B GPU lease. Musk says debt has mostly shut for builders with no revenue outside data centers, so the haves and have-nots split fast. Nvidia easing HBM4 speed and 8-high stacks coming tell me supply is still the limit, not demand. My read: Korea trades like memory earnings fall off a cliff, Goldman says valuations imply a ~65% earnings drop. If SK hynix posts big numbers and real cash returns Wednesday, that gap is the trade of the week. $NVDA $AMD $AVGO $MU $SKHY $SSNLF $EQT $RRC $GOOGL $AMZN $MSFT $CRWV $NBIS $SPCX Follow @SingularityRes for the full data center roundup every morning.

Everything that happened in the data center world today (Oct 25, 2026) Quiet weekend, loud setup. Nvidia is backstopping $36B of neocloud deals, most voters don't want a data center nearby, and the biggest spenders all report this week. FINANCING + NEOCLOUDS - Nvidia carries $36B of off-balance-sheet backstops for neoclouds, plus a guarantee of up to $105B for OpenAI's proposed 10GW Ohio site, per its July filing. It mostly pays only if a borrower defaults. Stock is -7.6% in October, three down weeks in a row (CNBC) BUILDS - Firebird got a US export license for 45,000 Nvidia Grace Blackwell GPUs for Kazakhstan. Phase one: ~$5B, up to 109MW, live Q3 2027. Phase two could take it to ~500MW. Announced during Huang's Astana visit (Firebird) - Oman: a Mubbadrah-led group plans a $3B, up to 400MW AI campus plus 400MW of solar with batteries. Crusoe has shown interest as tenant, nothing signed yet (Muscat Daily) - Krolmap plans a EUR1.5B, 225MW off-grid campus in Zaragoza, Spain, on renewables, batteries and cogeneration instead of a grid hookup. Planning stage only (DCD) - STTGDC will host up to 9,000 GPUs for Indian neocloud Neysa at Noida 2, live around Q1 2027 (DCD) BACKLASH - New CNBC survey: 63% of voters oppose an AI data center within 10 miles of home, 13% support. Among MAGA voters it's 40% against, 29% for. 52% want advanced AI paused until Congress regulates it (CNBC) PARTS - Follow-up: Samsung Electro-Mechanics MLCC lead times now run 61 weeks, vs 52 reported earlier this month. Shortages are spreading to auto and industrial parts, and buyers are locking in 2027 supply (DigiTimes) MEMORY - SK hynix reports Wednesday, Samsung Thursday. Combined Q3 operating profit is seen around 185T won (~$139B), with Samsung already guiding 107.4T. HBM4 supply for Vera Rubin is the key check (Yonhap) - Follow-up: KOSPI fell 2.08% on the week, KOSDAQ 5.42%. Both buybacks are done: Samsung's 15T won on Oct 6, SK hynix's 40T won Wednesday. NH sees 30T won+ of room for new SK hynix returns. Analysts call a new buyback the swing factor (Herald Business) - Follow-up: Bernstein says price hikes in new HBM contracts aren't fully in the export data yet, so they should show up in both makers' sales later (Metro Seoul) WEEK AHEAD - Alphabet and Microsoft report Wednesday, Amazon Thursday, plus Intel and Sandisk. Hyperscaler capex is expected around $800B this year. Fed decides Wednesday: futures price under 10% odds of a hike, ~80% for December (Reuters) - The Street wants revenue growth of ~25% at Alphabet, 16.8% at Microsoft, 20.5% at Intel. Caterpillar reports Thursday, BofA notes worries over "peak backlog, higher rates" and power gear risk (CNBC) - Vertiv and GE Vernova report Wednesday before the open. Consensus: Vertiv $1.82 EPS on $3.75B, GE Vernova $3.99 on $11.99B (MarketBeat) What it all means: Nothing broke this weekend, but the bill got clearer. Nvidia isn't just selling chips anymore, it's guaranteeing the buyers, right as neocloud stocks drop 30%+. And the public is turning: nearly two-thirds of voters don't want a data center nearby. Demand still looks fine. Kazakhstan, Oman, Spain and India keep announcing capacity, and MLCC lead times are past a year. My read: this week is the whole ballgame. If Alphabet, Microsoft and Amazon hold capex and SK hynix brings a fat buyback, October looks like positioning. Any trim and Nvidia's backstops become the story. $NVDA $CRWV $NBIS $IREN $GOOGL $MSFT $AMZN $INTC $SKHY $SSNLF $VRT $GEV $CAT Follow @SingularityRes for the full data center roundup every morning.

Latest monthly AI bills: 1) Claude $100 2) Grokbot $30 3) Muse $20 4) ChatGPT $20 5) Servers $10 5) Openrouter ~$5 Net spend $185 a month Is it worth it? 100%

Find someone who looks at you just like Jenson looks at Nebius CEO $NBIS

Everything that happened in the data center world today (Oct 24, 2026) TikTok wants gigawatts. Bloom beat and raised, then fell 11%. Buyers still want compute. Investors just won't pay for cash burn. FINANCING + NEOCLOUDS - Follow-up: Nvidia and Oracle default swaps hit records this week, ~126bp and ~343bp. Meta's topped 124bp, and it now flags ~$825B of future leases and contracts, $450B+ non-cancellable. CoreWeave's swaps passed 11% (CNBC) - Gartner predicts 80% of neoclouds will shut down or get absorbed by 2030. CoreWeave, Nebius and IREN are each down well over 30% in October (CNBC) - Short seller DF Research says Csquare's stock is worth $0, citing debt-heavy ABS funding and returns below its cost of capital. Shares fell 12%. Its 2025 capex was $545M vs $172M of operating cash (Yahoo Finance) - TikTok US is shopping for multiple gigawatts of compute. One source says ~4GW by the early 2030s. TikTok says Oracle stays its primary cloud (CNBC) BUILDS - Meta says phase one of its Ohio Prometheus campus is live with hundreds of thousands of GPUs and already trained Muse. Plan is ~1M GPUs at full scale, Vera Rubin "arriving soon" (DCD, Meta) - Umatilla, Oregon declared a state of emergency over the governor's data center permit pause, which runs to July 2027. It says $5B+ of local investment could slip (DCD) - SpaceXAI faces up to ~$6.1M in Mississippi penalties for starting work at three data center sites before stormwater permit coverage, per an SEC filing (DCD) POWER - Follow-up: Bloom closed -11.2% Friday as investors focused on -$181M of quarterly free cash flow, not the beat-and-raise (Motley Fool, CNBC) - Rystad sees fuel cell spend for data centers hitting ~$30B by 2030 from $2.8B in 2025. ~40% of planned 2030 US capacity could go on-site, as grid hookups take 3-6 years (Reuters) - Brent settled at $116.72, its highest since April, after Houthi attacks in Saudi Arabia. S&P energy stocks hit a record (Reuters) CHIPS - TrendForce sees server CPU shipments +31% in 2026 and 40%+ in 2027 as AI agents shift CPU-to-GPU ratios from 1:8 toward 1:2. Arm hits ~30% share in 2027, Intel supply stays tight (TrendForce) MEMORY - Bernstein estimates Samsung's Q3 HBM revenue at $8.7B, up 33%, passing SK hynix at $7.6B. Built from export data, not company numbers. Both report next week (East Asia Brief) - Follow-up: With Solidigm shelved, Hana expects SK hynix to unveil 30T won+ (~$21B) of extra shareholder returns with Q3 results Oct 28 (Seoul Economic Daily) PACKAGING + PARTS - Besi Q3 orders: EUR342.6M, +96%, vs ~EUR298M expected. Hybrid bonding orders this year already double 2025's. CEO says ASML isn't a hybrid bonding rival. Q4 sales guided flat (Reuters, Besi) - Mitsubishi Materials will lift output of thermistors for optical transceivers ~6x vs 2025, to ~12M a month by Nov 2027, citing AI data center traffic (Mitsubishi Materials, Nikkei) MARKETS - Friday: chip index +0.4% after Thursday's -6.7%. Micron +2.5%, AMD +1.7%, Intel +1.7%, Nvidia -0.6%. Nasdaq -0.2%, Dow -1.2% on oil. Alphabet fell 6% on the week ahead of earnings (Reuters, CNBC, Financial News) What it all means: Same story as yesterday, one notch louder. Demand isn't the problem. TikTok wants gigawatts, CPU and HBM forecasts keep rising, Besi's orders nearly doubled. The pain is in who pays: record default swaps, a $0 short call on Csquare, Bloom punished for burning cash. And $116 oil makes power and money pricier at the same time. My read: next week decides it. If Alphabet, Microsoft and Amazon hold capex and SK hynix brings a big buyback, Friday's bounce can stick. A capex trim and the funding squeeze spreads. $NVDA $ORCL $CRWV $NBIS $IREN $CSQR $BE $MU $AMD $INTC $SKHY $SSNLF $BESIY $GOOGL Follow @SingularityRes for the full data center roundup every morning.

Claude gets nerfed

The reason chamath has become anti bitcoin is AI and/or Quantum would be able to break bitcoin's cryptography The smart things about chamath is he changes his mind based on new information. Never married to an idea.

What are your best trading ideas based on the current stock prices?

Today I learned that Chinese LLM companies are rutherlessly scrapping my website using residential IP address I was happy that my website was gaining traction but turns out it was all a method to bypass cloudflares anti scrapping policies

People have been criticizing Dario and Anthropic for fear mongering and everything he has said is coming out to be true.

Everything that happened in the data center world today (Oct 23, 2026) Meta is setting up new shares it could sell to fund AI. SK hynix just shelved an IPO once pegged at up to $150B. The market is telling you who can still raise money. FINANCING + NEOCLOUDS - Meta will create non-voting Class C shares and said it could raise hundreds of billions over several years for AI, deals and pay, starting as soon as this fall. Stock fell ~7%, its default swaps hit a record ~115bp (Reuters) - SK hynix halted Solidigm's pre-IPO round and US IPO review, citing market conditions. Reports had valued it at up to $150B. Regulators had flagged it as a duplicate listing, SK hynix says that wasn't the direct reason (Yonhap) - Follow-up: CoreWeave fell 8.4% Thursday and is down 34%+ this month. Nebius, IREN and Applied Digital also dropped hard (Reuters) - Nebius will anchor NEOM's Oxagon campus with up to 50MW, half of the 100MW under construction, coming online in phases from Q4 2027. Framed as a framework deal with Humain and DataVolt (DCD, NEOM) POWER - Bloom: Q3 revenue $1.24B, up 138%. 2026 guide raised to $4.4-4.6B. Backlog growing faster than revenue, gear ready for Nebius's New Jersey site. Stock still fell ~5% after hours (Bloom call, CNBC) - INNIO got a 620MW follow-on gas engine order from an unnamed US mega-scale data center developer, 1.72GW total after 1.1GW in July (INNIO) - Schneider unveiled prefab power modules built on an Nvidia reference design, cutting power buildout to as little as six months (Seoul Economic Daily) BUILD SPEED - Vertiv and Nvidia say factory-built AI sites cut deployment from ~90 days to ~45. Polar is first, on a 41MW phase in Norway (Data Centre Magazine) CHIPS - Thursday rout: chip index -6.7%, Nasdaq -2.6%, its worst day since June 5. Follow-up: Lam -12% after its results. Intel -8%, with Susquehanna cutting its target to $105. Micron -6.3%, Nvidia -4.4% (Reuters, MarketBeat, Yonhap) - TSMC has asked tool suppliers about rare-earth-free motors to cut China risk. Early stage, no broad rollout. Unconfirmed by TSMC (Reuters) MEMORY + STORAGE - Western Digital: revenue $4.38B, up 55%. Next quarter guided $5.0-5.2B, up 66-72%, with 60-61% gross margin. Stock still fell ~6% after hours (WD, CNBC) - Follow-up: 1,633 Micron Taoyuan union members, nearly 70% of all members, rejected the pay offer. Friday's talks were pushed to Oct 27 by a typhoon. Union warns of more action (CNA, AFP) NETWORKING - Nokia: sales to AI and cloud customers +123%, orders +118%, EUR1.5B of new orders. Sees Optical and IP growing 25-30% in 2027, and will put an extra EUR400M into working capital to secure supply (Nokia) PARTS - ABF substrate lead times are about a year and shortages have spread to CPUs, per early-October TrendForce data (Commercial Times) MARKETS - KOSPI +0.3% after opening -2.36%. SK hynix +4.42% on the Solidigm news, Samsung +0.47%. Institutions bought, foreigners sold both (Yonhap) - Nikkei -0.34%, a 3-month low, after falling 1,400+ points intraday. Advantest pared losses, Tokyo Electron turned up. Traders also cited fears a Democratic sweep in the Nov 3 midterms brings tougher data center rules (Nikkei) - Taiwan closed today for the typhoon. TAIEX fell 1.81% Thursday, TSMC -1.45%, Delta -4% (Taiwan News) What it all means: Orders aren't the problem. WD, Bloom and Nokia all beat or raised and still sold off. What broke is the funding. Meta, one of the richest spenders out there, is getting ready to sell its own stock, SK hynix walked away from a hot IPO, CoreWeave keeps bleeding. When cash-rich giants dilute to keep building, the weaker names pay more or build less. I'd watch Alphabet, Microsoft and Amazon next week. A capex trim there and this stops being a funding story. $NVDA $LRCX $INTC $MU $WDC $BE $NOK $CRWV $NBIS $SKHY $SSNLF $TSM $VRT Follow @SingularityRes for the full data center roundup every morning.

Sell/short Adobe $ADBE immediately Unless they do something very different

Guys just do inverse of him and make a million

Spend two hours to figure out it is a nothing burger 1) Gold is a byproduct of their reaction process, focus is on other isotopes for medical purpose 2) Gold produced is radio activity and would require 17 years to be similar to normal gold

Everything that happened in the data center world today (Oct 22, 2026) Anthropic has $600B+ of compute lined up. CoreWeave's bonds yield ~15%. Same boom, very different price tags. NEOCLOUDS + FINANCING - Anthropic's draft IPO filing shows $600B+ of compute commitments, much of it non-cancellable: Google $111B, Amazon $110B, Microsoft $31B, up to $86B with Nscale and Lambda, $160B+ of Google chips via Broadcom. Up to $150B more in talks. It says partners gave it less capacity than it wanted. Not confirmed by Anthropic (WSJ) - CoreWeave is down 29% in October. Its unsecured debt yields ~15%, default swaps ~1,067bp. Credit desk sources say high-yield is on hold until after the midterms. Baird sees ~$30B of funding needed in 2027 (CNBC) - Nebius took a $3.5B one-year Citi bridge loan at SOFR+2.75%, stepping up every 90 days to 3.5%, secured on almost all assets. It cites $40B+ of investment-grade contracts (Nebius filing) - Huang: neocloud demand is "off the charts," what's missing is working capital. Nvidia wants its chips treated as a "financeable asset" (CNBC via Stocktwits) POWER + GRID - NextEra signed three "federal hub" deals, ~16.5GW in Texas and Pennsylvania, $5.7B of initial funding. It puts in no capital and earns fees. 18GW+ of its 20GW+ of advanced large-load projects is gas (NextEra) - Google and Voltus will build a 1GW virtual power plant in PJM, 10x their earlier deal (Google) - Nvidia, Microsoft and Cisco told UK ministers they have ~12 months to win local support before US-style protests threaten builds (Guardian) NEW PROJECTS - IREN plans a 300MW campus in Badajoz, Spain. Grid power and civil works license secured, first operations targeted 2028 (IREN) - Saudi Humain and Nvidia: 14MW of B300 from Q4, then 70MW of Vera Rubin from mid-2027, 50MW for an unnamed US client. Rubin part still needs final agreements (The National) CHIPS - Lam: record $8.22B revenue. December guide of $8.6B would be higher without supplier shortages, some shipments slip to March. Sees 2027 chip tool spend above $200B vs mid-$150B this year. China sales to drop. Stock fell 6-8% after hours (Lam, Stocktwits) - TI's data center revenue rose ~95% from a year ago and ~20% from last quarter. It sees no slowdown in data center demand (TI, Benzinga) MEMORY - Follow-up: Micron's Taoyuan strike was just its 11 union officers, vs 2,000+ who had planned to walk out. Talks resume Friday. The Taichung deal adds quarterly profit sharing from FY2027 and lifts pension pay to 10% from 8% (CNA, Global Views) - Samsung and SK hynix are upgrading their China NAND fabs. Samsung's Xi'an, ~40% of its NAND, moves to 286 layers. Unclear if US licenses are granted (Reuters) PARTS + PACKAGING - Thin glass cloth and laminate prices seen up another 10-15% in November. Kingboard has raised prices 12 times this year. Nan Ya says buyers have "no choice" now (Commercial Times) EARNINGS + MARKETS - Meta's Q3 capex hit $34.9B and free cash flow went negative. 2026 range lifted at the low end to $135-145B. No 2027 number yet (Meta) - Tesla cut 2026 capex to ~$20B from $25B+ after spending less on AI and robots. Fell ~5% premarket (Reuters) - KOSPI -3.52%, SK hynix -5.49%, Samsung -4.03%, first day after SK hynix's buyback ended. Nikkei -2.65%, pinned on Meta's spending worries (Yonhap, Nikkei) What it all means: Demand isn't the question. Anthropic has $600B+ committed and still wants more. The question is who pays, and at what rate. Nebius gets a secured bank loan at SOFR+2.75%, CoreWeave's bonds trade at ~15%, and high-yield is on hold. That spread decides who builds in 2027. The real squeeze is suppliers: Lam can't ship fast enough, laminates keep jumping. Tesla trimming capex is the crack I'd watch. If one more big spender follows, nobody's priced that in. $NBIS $CRWV $NVDA $IREN $NEE $LRCX $TXN $MU $SKHY $SSNLF $TSLA $GOOGL $AMZN Follow @SingularityRes for the full data center roundup every morning.

Everything that happened in the data center world today (Oct 21, 2026) SpaceX says new compute pays for itself in under a year. NextDC lost 42% waiting on a power line. NEOCLOUDS + FINANCING - SpaceX's AI unit had $7.56B of Q3 revenue, up from $813M a year ago. Nameplate compute hit 1.7GW from 1.4GW in June. $16.4B of its $19.6B capex went to AI, and Q4 capex is guided at $35-40B (SpaceX, CNBC, Business Insider) - SpaceX's CFO: at current pricing new compute pays back in "less than a year," with prices slightly above the top of a $30-50 per watt range. Q1 2027 revenue guided $33-37B vs ~$22B expected (CNBC, Business Insider) - Nebius says its 2027 capacity would sell out at current prices and price per MW is still rising. Crusoe's CEO says A100s rent for more now than in 2020-21. Piper still cut Nebius' target 22% (CNBC, Stocktwits) - NextDC fell 41.7%, its worst day since listing in 2010. Grid work for its Melbourne M3 site slipped to 2028 after local opposition. ~A$140M of contracted revenue is pushed out and all new projects and land buys are shelved (Reuters) POWER + GRID - Amazon now takes ownership of Nvidia GB300 racks before sites are ready: ~$5B at first, then ~$3B a month. Some sit in warehouses because the sites lack power. Amazon calls staging routine (Business Insider) - Stack's Virginia Project Crossroads: 21 buildings over 15 years, ~3GW mostly made on site, likely gas, up to $100B. The utility's committed minimum is 299MW by end-2028 (Cardinal News) - Trump says data center firms should pay locals a "dividend" to win support. No mandate (DCD) - Follow-up: Google says the London outage was a "power event" at a third-party facility. It ran ~8 hours and the FCA wants answers (Google, Computing) NEW PROJECTS - Nvidia's DSX POD ships Vera Rubin AI factories prebuilt in containers. Onsite setup drops from six months to 14 days once power is ready (Nvidia, DCD) - TSMC says four workers died at a Kaohsiung fab site. It paused similar steel work at all its Taiwan sites pending a probe (Reuters) CHIPS - Nvidia plans 2.5x substrate capacity in 3 years with Ibiden, Samsung Electro-Mechanics and Unimicron, 300%+ more Amkor interposer capacity by 2028, and a $1.1B advance to KYEC for US testing. Huang: "Capacity is the constraint" (Nvidia) - Supermicro's early Q1 estimate: $18.5-19.5B revenue vs $14.5-15.5B guided, 12-12.5% gross margin vs 10.4-10.8% (Supermicro) - Musk targets Terafab volume output in Q3 2028, first test chip mid-2027 (Reuters via TrendForce) MEMORY - Follow-up: Micron signed a deal with its Taichung union, its biggest Taiwan site. Terms undisclosed. The Taoyuan union's one-day strike Thursday is still unresolved (Reuters) - KB says ~80% of Samsung's 2027 memory output is under long-term deals, and sees HBM prices +100-150% next year (Korea Herald) PARTS + PACKAGING - Samsung Electro-Mechanics' MLCC lead time hit 52 weeks. AI servers use 10x+ the MLCCs of normal servers and only it and Murata can meet demand (Herald Business) EARNINGS + MARKETS - KOSPI +3.29%, SK hynix +5.81%, Samsung +5.67%. Foreigners net bought SK hynix, ending about a month of selling. Korea's Oct 1-20 chip exports +222.5% to $27.5B (Seoul Economic Daily, YTN, Yonhap) What it all means: Every part is still short, but the real bottleneck is the plug. SpaceX says compute pays back in under a year. Nebius says prices keep rising. Same day NextDC loses 42% over a late power line, and Amazon parks racks in warehouses. If you own energized megawatts today, you set the price. If you're waiting on a utility, you're holding a loan on an empty building. Nvidia is prepaying suppliers to fix packaging, so the next squeeze is power, not parts. The warning sign I'd watch is Amazon's parked racks. They lose value sitting dark, and a growing pile is capex with no revenue. Lam reports tonight. $SPCX $NBIS $CRWV $AMZN $NVDA $SMCI $TSM $MU $SKHY $SSNLF $LRCX Follow @SingularityRes for the full data center roundup every morning.