Anonymous analyst Mr. P: The AI hashrate bottleneck is shifting from GPUs to electricity, ABF substrates, and storage, with gas turbine deliveries booked beyond 2030.
On September 26, anonymous analyst Mr. P stated in a podcast that while used H100 chips can still sell for $25,000 and B-series GPU hourly rentals have risen to $7-8, the sheer number of GPU dies is not the core bottleneck. He pointed out that the real bottlenecks are data center power, advanced packaging, and storage, with ABF substrate capacity constraints expected to persist beyond 2028-2030. Furthermore, the backlog of orders for gas turbines needed to build new computing centers extends beyond 2030.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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