Gartner published a report on October 19, 2026 forecasting that 80% of neoclouds will go bankrupt by the end of 2030 and that $3.5 trillion in AI infrastructure spending will be subject to impairment. The arithmetic behind the call is that data center owners need $8.5 trillion in revenue through 2030 against at most $3.6 trillion in AI revenue. Musk has since said debt markets have almost entirely shut off money for companies without revenue independent of AI data centers. What remains open is whether the shortfall lands as bankruptcies or as impaired spending.