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There far too many railways, amusement parks, housing developments and other bubble ventures that were either never even completed after wasting a lot of money
by m4rtink 8mo ago
There far too many railways, amusement parks, housing developments and other bubble ventures that were either never even completed after wasting a lot of money or went bust soon after opening.
No reason the same can't happen now - especially for something as expensive and faily easily re-sellable as a datacenter & the hardware insite. Just rip it all out and sell it for parts where they are actually needed.
- mr_toad 8mo agoThe data centers have already been financed, they’re not going to stop halfway through because they’ve run out of money. Whether or not they’ll make money on completion is a different story, but that’s 2-3 years away at least. Then you might see RAM prices drop, but not before.
- m4rtink 8mo agoI would not be so sure - for example Oracle is already struggling to finance its datacenter commitments: https://www.tomshardware.com/tech-industry/shareholders-sue-oracle-over-misleading-statements-related-to-usd300-billion-openai-data-center-build-out-disgruntled-plaintiffs-say-the-company-lied-about-how-much-money-it-needed-to-borrow https://www.tomshardware.com/tech-industry/shareholders-sue-...
- mr_toad 8mo agoThey’ve sold the bonds, so they already have the cash. What worries investors is whether Oracle will be able to repay the debt.
- inigyou 8mo agoFinanced means they have a promise to get the money, it doesn't mean they have the money.