The bull case: Aggregation networks will use the arbitrage window to build defensible positions, then graduate from tactical plays to structural alternatives.
The bear case? Networks are temporary stop-gaps that will get crushed the moment the next wave of data centers begin operating.
The honest assessment? These networks will gorge themselves during the feast years, then adapt to leaner times, remaining profitable, just not explosive.
For investors, that means treating this as what it is: a defined-window arbitrage play with asymmetric upside if the shortage persists longer than expected, and manageable downside if you size positions appropriately and respect the exit timeline.
The AI infrastructure buildout is real. The computing shortage is real. The 2027-’29 constraint window is real. The question is whether you’re positioned to profit from the temporary dislocation before the market normalizes.
Read: AI has real problems. The smart money is investing in the companies solving them now.
More: The AI boom is over – here’s your bubble survival guide
-Jurica Dujmovic
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12-06-25 1412ET
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