Core Insights - The AI boom is a significant growth area in a sluggish global economy, with hyperscalers spending over $400 billion on data centers this year [2] - Oracle and Digital Realty Trust are key players benefiting from this trend, but both companies are experiencing stock declines despite Wall Street recommendations [3] Company Summaries - Oracle is heavily investing in AI infrastructure, issuing $18 billion in new bonds this year, but reported a $100 million loss last quarter on its OpenAI contract due to low utilization [4][8] - Digital Realty Trust, the largest wholesale data-center landlord, is expanding rapidly but carries $20 billion in debt against depreciating assets [4][7] Industry Challenges - Data-center construction is at a record pace, but power delivery is lagging, with significant delays in regions like Northern Virginia [6] - The global data center industry requires an additional 30 to 50 gigawatts of power by 2030, while utilities are only adding single-digit gigawatts annually [7]