AI Infrastructure Scaling and Power Bottleneck

Data center capex forecast to surpass $3T by 2030 (Dell'Oro). Nvidia price rises >15% due to memory costs. Micron highlights memory wall challenges. Peter Thiel's fund pivots to utilities/nuclear, signaling power as the next bottleneck. Custom chip adoption accelerates (Anthropic, AMD, Broadcom). New signals: data center cooling crisis (120kW racks, only 22% DLC), AEM chip test demand surge, Trane-Eaton unified power/cooling designs, chip roadmap velocity forcing faster planning. Edge AI hardware proliferation (Advantech, Microchip, CELUS).