Think you've seen major capex cycles before? Wait until the chip architecture shift hits harder. Once NVDA transitions to 800-volt DC power systems, we're talking about a wave of data center component obsolescence that'll reshape the entire infrastructure spending landscape. Cooling systems, power distribution units, and legacy hardware stacks—basically everything designed around current voltage standards will need a complete overhaul. That's not just an upgrade cycle, that's a fundamental infrastructure reset with massive capital implications for the industry.