Mike San Miguel, head of the hardware trading desk at Luxor Technology, a firm that buys and sells GPU servers, says the bottleneck now is whether liquid-cooled data-center space is ready, and some sites have quoted Luxor go-live dates of the third quarter of 2027 or 2028.

(episode recorded November 5)

Concept illustration on a peach background: on the left, a stack of four server units sits on a pallet under a roofed platform with a sign lettered “B300” in front, and a road with a dashed centre line runs from the platform’s base to a large building on the right lettered “DATA CENTER”, whose open front shows rows of rack frames on both sides under ceiling lights. A red pipe comes out of a box at the entrance and runs along the floor to a standing sign lettered “LIQUID COOLING”; a large black opening quotation mark floats between the platform and the building, and in the bottom-left foreground a black silhouette of a person seen from behind points right toward the road and the building.

By San Miguel's account from Luxor's trading desk, data-center delays show up in the hardware market first as resales and restocking, not necessarily as canceled orders, and Luxor itself sells GPUs. San Miguel said on The Cognitive Revolution, the AI show hosted by Nathan Labenz, that when a large cloud customer's data center isn't ready, server brands resell the hardware to other buyers and restock the customer once the site is ready. Most data centers can fit only two eight-GPU B300 servers per rack, and power is the constraint. San Miguel put the price of an eight-GPU B300 server at about US$550,000 to US$650,000 (The Cognitive Revolution, 2026-11-07). How we checked →

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This item ran in the brief of Nov 8, 2026, alongside 10 other items. How we checked it, the quote checks and what was still missing that day are on that issue's How we checked page.

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SecondSource (2026). "Mike San Miguel, head of the hardware trading desk at Luxor Technology, a firm that buys and sells GPU servers, says the bottleneck now is whether liquid-cooled data-center space is ready, and some sites have quoted Luxor go-live dates of the third quarter of 2027 or 2028.." https://secondsource.io/en/expert/2026-11-08-1/. Accessed access date.