The AI Boom's 'Reset Wall': How $2.1 Trillion in Compute Contracts Echo the 2008 Mortgage Crisis

The Teaser Period: Why the AI Boom Is Hitting a Reset Wall

The AI boom is built on take-or-pay compute contracts that mirror the subprime mortgage structure of 2006. Payments don't begin until data centers are built, creating a 'teaser period' of 24-36 months. With over $2.3 trillion in signed contracts not yet billing, and $1.66 trillion in off-balance-sheet commitments, the article argues that a 'reset wall' looms in 2027-28, potentially triggering a crisis akin to 2008.