Vulcan Providing Critical Equity Insights for Data Center Development

As the market grows increasingly anxious regarding the reality of data center deployment—as evidenced by recent Oracle bond pricing—Vulcan clients have been well-positioned to understand the precarious nature of these builds. Our users have the transparency to see exactly which companies are maintaining their schedules and which are falling behind.

Real-World Impact: The Fermi Case Study

The recent drop in Fermi stock following a tenant cancellation was a risk already identified by Vulcan users. They only recently land cleared in October which served as a primary signal that the developer would likely fail to meet its proposed timeline and that not all is well on the development front.

Analysis of the 2026–2027 Pipeline

An analysis of the top 20 data centers by capacity slated for the next two years reveals significant risks:

• 2026 Projects: While many sites show signs of active construction, very few are nearing 100% completion. Given that we are now in mid-December, delays for these upcoming projects appear inevitable.
• 2027 Targets: There is a growing concern that 2027 "online" dates are being used as strategic placeholders rather than realistic targets. Setting a 2027 timeline allows companies to signal leadership in AI development while avoiding near-term accountability. In reality, many of these sites have not yet begun land clearing.
  
  
  

  The Vulcan Advantage

  The Vulcan platform allows for the granular investigation of every company and site, supported by weekly satellite imagery and proprietary intelligence.

  While we have fully embraced the AI revolution through our own Agents, we believe the actual pace of infrastructure deployment through 2028 is significantly slower than current market forecasts suggest. Vulcan is the premier platform for truly understanding the data center landscape.

  Why guess when you can know?

  Interested in a demo and becoming a client of the premier infrastructure monitoring product? Please reach out to our Lead Researcher, David Bellman at dbellman@synmax.com.