The artificial intelligence infrastructure craze has set off a wave of shortages, propelling the stock prices of relevant companies to soar to new heights. However, a seasoned hedge fund expert cautions that the fervor surrounding the 'AI bottleneck trade' is beginning to wane. Despite the fact that a handful of AI-themed stocks in Europe have witnessed a remarkable surge of over 100% since the beginning of the year, analysts are of the opinion that this phenomenon does not signify a broad-based resurgence of the European tech sector. Instead, funds are predominantly flowing into a select few AI-related entities. In the meantime, the global demand for computing power has skyrocketed, exacerbating the supply-demand imbalance and pushing up the rental prices for computing resources. Nonetheless, the industry is also grappling with constraints stemming from resources such as electricity.