The Underpants Gnomes' Step 2

· Blog Dshr · Oct. 20, 2026, 3:12 p.m.
Summary
Source Barry Ritholtz posted this up-and-right chart, which is a classic of exponential extrapolation. Given the difficulty, delays, and cost of bringing the current generation of data center projects on-line, highlighted by Oracle's "force majeure" on a 2.5GW project which is clearly not going to be complete next year, the idea that 4-5GW projects will be up and running in 2029 seems optimistic. Below the fold I apply some skepticism, because this is starting to look like the classic South Par...
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