I think the Micron and Apple rally focus on distributed AI hardware, leaving the hyperscalers overbuilding - why power producers are reluctant to commit to building

Sam Altman has boasted his new Stargate or whatever its called will require 10GW of electricity. Thats what 70% of New York City needs. He knows power producers wont go there so he is overbuilding for 30-50 years from now thinking for some insane reason distributed AI hardware wont come around. If your laptops and phones can handle 40% of the AI load it grossly diminished what goes into the cloud and ultimately to the hyperscalers data centers. They are over building, IPPs (power producers) know it and are using it to build passion projects rather than on-site commitments. Altman knows his data centers will run at 10-20% usage for a decade or more thinking the whole world will run through his data centers. But, thats the thing, in business no one likes one company to have that much control over information. Will the hyperscalers get a positive return on invested capital - maybe - but this AI craze of shooting stocks up when they say they will burn more cash for demand 15 years from now - maybe - is a bubble.