In this episode of 9Innings, host Kevin Thompson sits down with Spear Invest founder Ivana Delevska to discuss one of the hottest investment themes in the market today: AI infrastructure and the explosion in data center demand.

The conversation explores the growing political pushback against new data center developments in cities like Fort Worth and New York, while highlighting why many rural communities are embracing these projects. Ivana explains the concept of compute constraints, why both AI model training and inference are driving unprecedented demand, and what it all means for investors.

Kevin and Ivana also examine the economics of energy, the possibility of space-based data centers, and whether today's AI infrastructure boom resembles the fiber optic buildout of the late 1990s.

Despite concerns about elevated valuations and increasing concentration among technology mega-caps, Ivana remains optimistic. She points to powerful demand signals, including Anthropic's rapid revenue growth, as evidence that this cycle is being driven by real adoption rather than speculation alone.

(00:00) – The War on Data Centers: Why Cities Are Saying No

(03:21) – What Does "Compute Constrained" Actually Mean?

(06:25) – Who Pays for AI? The Hidden Energy Problem

(10:29) – Is This Another Dot-Com Bubble?

(15:29) – Are Big Tech Companies Becoming Too Powerful?

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Corrections: Editing by http://SwoleNerdProductions.com

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