Part 3/16:
Interestingly, BlackRock’s recent purchase of 5 gigawatts of data center capacity at 40 times revenue underscores the level of financial commitment and confidence pouring into this sector. Some analysts believe "smart money" is acquiring compute infrastructure at peak prices, hinting at a possible AI bubble that isn’t evident to all investors yet. The Kobes letter, a notable industry analyst, pointed out that AI compute demand is growing over twice the pace of Moore’s Law, creating a significant shortage and a need for hundreds of billions of dollars in annual investment in data centers until 2030.