QTS
QTS REALTY TRUST, INC.
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"Let's say All of this is hot garbage, is the hardware complete shit? can't they lease it ? They can." - I dont think they would be able to lease their Hardware away if the overall picture of AI flops. The absolute supply of compute from other datacenters would drive their leasing power down, and these software companies are not used to real world physical depreciation seen in the absolute size of these datacenter build outs. Many of the actual buildings/warehouses are not owned by them but are already leased by companies like applied digital and QTS, so maybe they have that portion going for them. Regardless I think the price of GPU/Compute machines would have to go down.

"Let's say All of this is hot garbage, is the hardware complete shit? can't they lease it ? They can." - I dont think they would be able to lease their Hardware away if the overall picture of AI flops. The absolute supply of compute from other datacenters would drive their leasing power down, and these software companies are not used to real world physical depreciation seen in the absolute size of these datacenter build outs. Many of the actual buildings/warehouses are not owned by them but are already leased by companies like applied digital and QTS, so maybe they have that portion going for them. Regardless I think the price of GPU/Compute machines would have to go down.