$Amazon(AMZN.US) CEO Andy: "There is a power shortage in the U.S. and globally."

For new data centers, the most optimistic grid connection wait time is 3 years, as power transformer lead times have extended to 12-24 months.

Therefore, most developers and hyperscale cloud service providers are turning to natural gas, as it is the fastest option.

But even so, permitting issues remain and can cause delays and cancellations, as was the case with the $Nebius(NBIS.US) New Jersey data center.

Power has now become the biggest bottleneck for scaling AI, more so than ever before.