Securing gigawatt-scale power assets is one of the biggest bottlenecks for global artificial intelligence (AI) infrastructure, and the market may be mispricing the solution. Advanced computing hardware no longer represents the main obstacle for major technology sector companies; instead, access to reliable sovereign energy has taken its place.
Data center operators are increasingly valued on secured forward capacity rather than trailing revenue. Applied Digital (NASDAQ: APLD) recently secured a site for a one-gigawatt AI campus in Finland, adding to a domestic portfolio that already includes billions in contracted revenue.
