It just shows the utter hollowing out of the US industrial base to me.

Everything has been cut to the bone so any blip in demand cannot - at any price - be effectively responded to. Even if you were exceptionally good at being able to double internal capacity, the supply chain all the way from raw materials to skilled labor pool your vendors may need just isn’t there.

This latest datacenter bubble is just the last and most acute symptom of this problem I’ve noted in my lifetime. Hyper-financialization does that to an economy.

The best anyone can do is outbid peter to rob paul.