Very bold and insightful post. My take - electricity is the bottleneck. At Davos, Elon framed electrical power as the limiting factor for AI deployment, even suggesting we may soon be able to build more chips than we can power on. 
For investors, this shifts diligence from “AI demand is huge” to “who has credible access to power, interconnect, and delivery timelines, and can monetize that power with AI
Thank you for your comment and the additional commentary on Dell, I agree with your points. Michael Dell has one of the most impressive histories of capital allocation I've read, building an $82B company from scratch (and taking the company private when the market was penalizing Dell for reinvesting profits, then public again). His book 'Play Nice, but Win', is an entertaining read for anyone curious to learn more about the company's history.
Very bold and insightful post. My take - electricity is the bottleneck. At Davos, Elon framed electrical power as the limiting factor for AI deployment, even suggesting we may soon be able to build more chips than we can power on. 
For investors, this shifts diligence from “AI demand is huge” to “who has credible access to power, interconnect, and delivery timelines, and can monetize that power with AI
Thank you for your comment and the additional commentary on Dell, I agree with your points. Michael Dell has one of the most impressive histories of capital allocation I've read, building an $82B company from scratch (and taking the company private when the market was penalizing Dell for reinvesting profits, then public again). His book 'Play Nice, but Win', is an entertaining read for anyone curious to learn more about the company's history.