Something's totally off about the number of data centers being built (over 3,000 right now) and the sheer size and compute power they represent.
They are massively OVER-building capacity that can't possibly be met by customer demand for compute.
And customer revenues can't possibly recover the financial investment needed on these projects.
There's clearly some other plan afoot, and I don't yet know what it is. It involves massive compute, but not merely to serve inference or hosting databases and corporate data. There's a much larger plan at work here.