Uploaded May 2026 | Updated September 2026, 2 weeks ago
Learn more at rebellionaire.com
You’ve probably seen the headline: “40% of data center projects are being canceled.”
Sounds scary.
But the number is being stripped of context.
In this video, Matt Smith breaks down what the data center cancellation narrative actually measures, why hyperscalers intentionally overbuild their project pipelines, and why delays are not the same thing as demand destruction.
The real question isn’t whether some data center projects get delayed.
The real question is whether AI revenue can catch up to AI CapEx.
We cover:
• Why the “40% cancellation” headline is misleading
• How hyperscalers treat data center announcements like options
• Why power, grid access, transformers, and switchgear are the real bottlenecks
• What rising capacity prices say about AI infrastructure demand
• Why Micron and high-bandwidth memory matter in this buildout
• Where the real risk is hiding for AI infrastructure stocks
• Why stock picking may matter more than ever in the AI infrastructure cycle
The AI buildout is not one simple trade. It is chips, memory, power, cooling, land, grid access, software demand, revenue growth, and capital discipline all colliding at once.
And the winners and losers may look very different from what the headlines suggest.
Rebellionaire is a brand of Halter Ferguson Financial. hffinancial.com/disclaimer
As of May 8th, 2026, clients and employees of our firm Halter Ferguson Financial own Micron stock and/or options and thereby stand to materially benefit from a rise in the share price. Past performance is no assurance of future results. Halter Ferguson Financial, Inc. (“Halter Ferguson Financial”) is a registered investment adviser with its principal place of business in the State of Indiana. A complete list of all recommendations will be provided if requested for the preceding period of not less than one year. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. Opinions expressed are those of Halter Ferguson Financial, Inc. and are subject to change, not guaranteed and should not be considered recommendations to buy or sell any security.
Halter Ferguson Financial is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability.
Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author/presenter as of the date of publication and are subject to change and do not constitute personalized investment advice. A professional advisor should be consulted before implementing any of the strategies presented. No content should be construed as an offer to buy or sell, or a solicitation of any offer to buy or sell any securities mentioned herein.
Halter Ferguson Financial does not represent, warranty, or imply that the services or methods of analysis employed by the Firm can or will predict future results, successfully identify market tops or bottoms, or insulate clients from losses due to market corrections or declines.
Investments are subject to market risks and potential loss of principal invested, and all investment strategies likewise have the potential for profit or loss. Past performance is no guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's portfolio. There are also no assurances that any portfolio will match or outperform any particular benchmark.
Learn more at rebellionaire.com
You’ve probably seen the headline: “40% of data center projects are being canceled.”
Sounds scary.
But the number is being stripped of context.
In this video, Matt Smith breaks down what the data center cancellation narrative actually measures, why hyperscalers intentionally overbuild their project pipelines, and why delays are not the same thing as demand destruction.
The real question isn’t whether some data center projects get delayed.
The real question is whether AI revenue can catch up to AI CapEx.
We cover:
• Why the “40% cancellation” headline is misleading
• How hyperscalers treat data center announcements like options
• Why power, grid access, transformers, and switchgear are the real bottlenecks
• What rising capacity prices say about AI infrastructure demand
• Why Micron and high-bandwidth memory matter in this buildout
• Where the real risk is hiding for AI infrastructure stocks
• Why stock picking may matter more than ever in the AI infrastructure cycle
The AI buildout is not one simple trade. It is chips, memory, power, cooling, land, grid access, software demand, revenue growth, and capital discipline all colliding at once.
And the winners and losers may look very different from what the headlines suggest.
Rebellionaire is a brand of Halter Ferguson Financial. hffinancial.com/disclaimer
As of May 8th, 2026, clients and employees of our firm Halter Ferguson Financial own Micron stock and/or options and thereby stand to materially benefit from a rise in the share price. Past performance is no assurance of future results. Halter Ferguson Financial, Inc. (“Halter Ferguson Financial”) is a registered investment adviser with its principal place of business in the State of Indiana. A complete list of all recommendations will be provided if requested for the preceding period of not less than one year. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. Opinions expressed are those of Halter Ferguson Financial, Inc. and are subject to change, not guaranteed and should not be considered recommendations to buy or sell any security.
Halter Ferguson Financial is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability.
Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author/presenter as of the date of publication and are subject to change and do not constitute personalized investment advice. A professional advisor should be consulted before implementing any of the strategies presented. No content should be construed as an offer to buy or sell, or a solicitation of any offer to buy or sell any securities mentioned herein.
Halter Ferguson Financial does not represent, warranty, or imply that the services or methods of analysis employed by the Firm can or will predict future results, successfully identify market tops or bottoms, or insulate clients from losses due to market corrections or declines.
Investments are subject to market risks and potential loss of principal invested, and all investment strategies likewise have the potential for profit or loss. Past performance is no guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's portfolio. There are also no assurances that any portfolio will match or outperform any particular benchmark.
