Davos 2026 confirms the AI infrastructure trade is shifting from compute to the Scarcity Stack. While $1.5T was poured into the sector in 2025, CEO confidence for 2026 sits at a cautious 30%. The bottleneck is no longer just H100s; it is power and grid capacity. Prosus deploying 30,000 agents shows the scale of internal adoption, but the market is ignoring the energy wall. Capital follows capacity now. If you do not own the power, you do not own the future.