InvestmentGuru(@InvestmentGuru_):Energy constraints are real. Data centers need power on a 2-year timeline; generation gets built on a 10-year one. That gap is the trade, and it only pays the early. Early money buys the bottleneck: grid equipment, turbine backlogs, interconnection queues still priced like it's 2023. Position before the crowd does the math.

2026.10.03 23:19

Energy constraints are real. Data centers need power on a 2-year timeline; generation gets built on a 10-year one. That gap is the trade, and it only pays the early. Early money buys the bottleneck: grid equipment, turbine backlogs, interconnection queues still priced like it's 2023. Position before the crowd does the math.

The Kobeissi Letter@KobeissiLetter

2026.10.03 18:42

BREAKING: US data center construction spending surged +73% YoY in August, to a record annualized rate of $85 billion. This follows a +65% YoY increase in June and marks the largest YoY increase since April 2025. Since the start of 2021, data center construction spending has soared +$76 billion, or +823%. Meanwhile, general office construction spending fell -10% YoY in August, to $46 billion, the 5th-lowest reading since December 2015. Since the start of 2023, construction spending on general offices has declined -$25 billion, or -35%. As a result, the gap between data center and general office construction spending has surged to a record $39 billion. The AI investment surge is gaining momentum.