> I said in my opinion

I've been pitched data-center deals. They depreciate on an 18- to 24-month schedule, well under the Tom's Hardware terms. The ones who went online a year or two ago aren't losing their chips like ducklings through a storm gate; if anything, their resale value has remained remarkably stable because compute production is the bottleneck.

You've given a source (a great one, btw) for depreciation but not revenue. If you can name a company, I can look if I have a public source that confirms what I know. But broadly speaking, no, unit economics in the AI economy is weirdly sound, though I suspect it's because every non-AI CEO is blowing out their budgets on frivolous spending.