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Wall Street is growing skeptical of the data center boom

72 points · 87 comments · mikhael

Apes · 1790019664 · focus · HN ↗
I'll believe it the day SpaceX - the AI company that is mostly making money selling datacenter compute using gas turbines for energy - takes a single day 90% or greater drop in stock price.
1. Zigurd · 1790020028 · focus · HN ↗
  Currently nobody knows when the first big financial crisis is fully locked in. For example, if OpenAI can't close another round, and they default on their contracts with Oracle, there's your sign. Until then it looks like everybody is enjoying the communal hallucination.
  1. nostrademons · 1790022836 · focus · HN ↗
    OpenAI's already announced they're not going public in 2026:
    <a href="https://www.reuters.com/legal/litigation/openai-ipo-will-not-happen-2026-amid-ai-safety-fears-altman-says-2026-09-12/" rel="nofollow">https://www.reuters.com/legal/litigation/openai-ipo-will-not...
    They could potentially do another private bridge round, but for a company that was gearing up for the largest IPO in history a couple months ago, the reversal is a pretty bad sign. For investors that are looking for a fire sale, there's already smoke in the air.

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