While I agree with other comments indicating that the headline is drawing on a small period of data, other data in the deck is pretty compelling.

Page 25 "The number of data centers in the US" gives an interesting insight as to the magnitude of the data center boom. 60% more data centers are being planned or are under construction. This might actually be underselling it in dollar amount, as I believe the average data center size under construction is larger than the average data center already constructed.

Page 27 "Cyclically adjusted P/E ratio near all-time highs" is certainly concerning and points to a near term correction.