According to 3Fourteen Research: GPU availability across major cloud services have dropped immensely in Feb. This comes as $META, $AMZN, $GOOGL have increased infrastructure capex spend immensely. The major victors, Neoclouds: $IREN, $NBIS, and $CRWV are the three with AI cloud offerings. There's likely been a new wave of demand shock with new AI models coming out from Opus 4.6 and others. And the demand increase is across the board with newer gens like B200, and older models. This is the cumulative effect of capacity constraints, now visualized.