Nice breakdown of the infrastructure play angle here. The idea that power grids hitting capacity limits creates a natural bottleneck for the entire AI buildout is something I've been tracking in my own work, but hadnt thought aboutit creating such immediate pricing power for the equipment suppliers. The Vernova "sold out through 2028" detail actually validates what I've been seeing with some utility procurement timelines getting pushed way out. One thing that might be worth watching though is whethr these valuations already price in peak demand or if there's real margin expansion left once these backorders clear.
Nice breakdown of the infrastructure play angle here. The idea that power grids hitting capacity limits creates a natural bottleneck for the entire AI buildout is something I've been tracking in my own work, but hadnt thought aboutit creating such immediate pricing power for the equipment suppliers. The Vernova "sold out through 2028" detail actually validates what I've been seeing with some utility procurement timelines getting pushed way out. One thing that might be worth watching though is whethr these valuations already price in peak demand or if there's real margin expansion left once these backorders clear.
Thank you! Yes, we shall see if the demand continues. For now, all is pointing to higher prices but we’ll see.