Every single server with a dozen ethernet and/or IB ports that run something like four pairs in each connector for bandwidth, times 8 to 42 servers in a cabinet times a couple thousand cabinets in a building times a dozen buildings in one location. And then you need the fiber to connect all the switches together, and the buildings together, and then you need to tie the facilities into the wider world through various ways.

It adds up quick.

If I'd be guessing, it's the Ukraine Russia war and the tethered drones that could be affecting their valuation?

Right now it's what's propelling corning's price, same as in the dot com bubble.