According to Bloomberg columnist Chris Bryant, the AI infrastructure investment boom is facing a supply-demand mismatch crisis. Morgan Stanley analysts warn that data center construction is severely lagging due to power shortages, supply chain bottlenecks, and regulatory delays, leading to a surplus of semiconductors relative to available hosting facilities. It is estimated that by 2028, the power deficit for US data centers will reach approximately one-third of the electricity required for semiconductor sales during the same period, potentially disproving the stock market's optimistic expectations for semiconductor shipments. NVIDIA has provided a $105 billion guarantee for OpenAI's lease obligations to support data center construction by SoftBank's SB Energy and highlighted risks such as land and power shortages in its latest earnings report. Oracle is also facing project delays due to natural gas pipeline permitting issues. Currently, AI companies hold nearly $350 billion in assets that are not yet operational.