10min chapter

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Jim Chanos: A Short Thesis on Data Centers - [Business Breakdowns, EP. 103]

Business Breakdowns

CHAPTER

The Financial Landscape of Data Centers

This chapter explores the changing dynamics of the data center industry, comparing them to internet hotels servicing major applications. It discusses the declining returns on capital since 2016 and challenges the optimism around investment growth amidst actual financial deterioration. Key topics include the impact of hyperscalers, private equity involvement, and the discrepancies in capital expenditures versus actual asset value.

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