Depreciation schedule:
Tulips: weeks
GPUs: 6 years
Fiber: 20-50 years
Rail, roads, bridges: 50-100+ years
Hyperscalers closer to tulips than other hard infra.
What rail, road or bridge in the US lasts 50 years? The maintenance of rail over 6 years costs more than replacing all the GPUs in a data center, even at their current markup.
What rail, road or bridge in the US lasts 50 years? The maintenance of rail over 6 years costs more than replacing all the GPUs in a data center, even at their current markup.