“Power, water, copper, concrete, and high-end memory are all in short supply because of AI infrastructure buildout.”
The trillion dollars going into AI data centers had to come from somewhere, and now we know what it is crowding out. Hospitals waiting on power upgrades. Apartment buildings priced out of copper. Steel mills running second shift to feed concrete plants for hyperscaler campuses. The AI boom is not a productivity miracle yet. It is a giant claim on the physical economy that the rest of the economy has to absorb.