Magouyrk argues memory and wafer fab capacity, not power availability, are the real limits on AI compute buildout.
There is only so much memory in the world. There is only so much wafer fab. I think everybody who spends time thinking about how much power is coming online is missing the point. I think you can actually look at how much memory is being produced and how much fabrication capacity is, and that is a much clearer sample of how much you could put in, because we do not need power without chips.