A power grid cannot be rebuilt on anything close to that timeline. Data center electricity demand in the country is projected to surge eightfold by 2030, from 8.5 terawatt-hours in 2024 to 68 terawatt-hours, potentially consuming 30% of Malaysia’s entire national power supply. In my opinion, it’s a preview of a mismatch every major AI investment market will eventually confront. Globally, data center capacity is projected to nearly double by 2030, reaching around 200 gigawatts, close to the size of Germany’s entire electricity system. Almost none of that capital currently shows up in the AI investment products sold to retail and institutional investors, which remain heavily concentrated in semiconductors, cloud platforms, and model developers.