Dead Money
Where's Your Ed At
Read the full articleDespite strong sales of NVIDIA GPUs since 2022, a significant portion—estimated between $200 billion and $300 billion worth—remain unused in warehouses or data centers due to power and infrastructure constraints. Research from Morgan Stanley and Jefferies highlights that power availability, labor, cooling, and backup generation are major bottlenecks limiting GPU deployment, causing a slowdown in AI hardware utilization and flat or declining GPU rental rates.
