AI Supercycle Stack Economics

Stanford Engineering Value Chain & Energy Bottleneck Model
Scenario Presets:
Capital & Physical Inputs
$150B
12.5 GW
1.25
250k
5.0
$45B
6-Layer Stack Flow & Value Capture D3 Dynamic Flow
1. Energy Grid
2. Data Centers
3. Hardware/GPUs
4. Models
5. Middleware
6. Applications
Primary System Constraints
Primary Active Bottleneck
Energy & Power Distribution
Grid interconnection limits total cluster compute capabilities below invested hardware capacity.
Power Utilization
94.2%
Token Throughput
4.20T/s
Hardware ROIC
18.5%
App Layer ROIC
24.1%
Layer Returns Breakdown
Layer CapEx ($B) Margin % ROIC %
Canonical Model State Proof
Primary Bottleneck
Energy & Power Distribution
Energy Utilization
94.2%
Token Throughput (TPS)
4.2E+12
Hardware ROIC
18.5%
App Layer ROIC
24.1%
Model Layer Margin
12.4%