“Because of the above, capital markets care more about revenue produced from chips rather than resale value, and chips are only a subset of the total cost of compute— heterogeneous builds, the rack, powered shell, interconnect, cooling. It was interesting when we were talking with CoreWeave about the— that I was really expecting the answer to be chip constraints and he was saying powered shells, powered shells, which is what we've heard from Satya Nadella.”