FOMO. In addition to the below, AI is a huge bubble and the only way to win is to have the biggest and the most datacenters. So companies are in a rush to grow the fastest.

When the bubble pops, most of those companies will lose. Most of those datacenters will shut down. It will be “dead malls” all over again

Meanwhile a huge part of the problems they cause is we are way behind in infrastructure spending. We already weren’t able to get sufficient power everywhere needed. We already couldn’t easily support new power generation or large power users. Now we’re suddenly tripling projected power growth?