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"I've already seen the AI bulls come out and defend the students booing. They say the same sentiment occurred around the Internet, which I was there. It did not. No one was booing anybody talking about the Internet... So that did not happen.
"They got a marketing sales pitch problem and I pointed this out on X. Their sales pitch seems to be white collar jobs are going to disappear in 18 months. We need your electricity and your water. Good luck. That's not a good pitch.
"These executives actually say this. Now part of the reason I don't think the AI bubble is going to continue is because there actually is a shortage of, you know, capacity to run these data centers and there's not enough water to do it. So they're running into, running into opposition.
"So I'm of the opinion Capex is going to be scaled back as they realize they can't plug into anything. And there's somebody on X, who's an analyst who's running around the country looking at all the data centers. And he said you'd be surprised at how many of them are not completed yet.
"So there seems to be this, all this future Capex announcements, but then the actual going in the ground, getting it up and running is not as fast as people think. And that's the bottleneck and that's how you end up with like a ton of, inventory of Nvidia chips and everything that you can't deploy it. So it's sitting in a warehouse.
"And you don't even need, and you don't need to order any more Nvidia chips. I think the constraining factor is electrons, water and social acceptability of this. And there's going to be a lot of fights. So it's all coming to a head."