Neel Khokhani (EpochalCorp)

The Cost of a Shovel Just Went Up

GPU rental forecasts revised higher again. Replacement costs rising 40 percent. The fastest revenue ramp in enterprise history just validated the demand…

Apr 17 • Epochal_Corporation

6

March 2026

$1 Trillion in Chips. One Physics Problem Nobody Has Solved.

Vera Rubin draws 2,300 watts per chip. The racks are fanless. The cooling demand has doubled.

Mar 21 • Epochal_Corporation

9

1

The Sold-Out Sky

What 30 Vendor Conversations Reveal About the Real Bottleneck in AI Infrastructure

Mar 20 • Epochal_Corporation

4

1

1

GPU Rental Prices Have Gone Vertical The real risk to AI infrastructure is not demand.

The real risk to AI infrastructure is not demand. It is supply. And the market has it completely backwards.

Mar 19 • Epochal_Corporation

20

3

The Contracts Behind the Curtain: Why We Own What We Own

“Show me the incentive, and I’ll show you the outcome.” — Charlie Munger

Mar 17 • Epochal_Corporation

3

The $3.7 Trillion Demand Backstop

Why the AI Infrastructure Cycle Is Not What the Crowd Thinks It Is

Mar 15 • Epochal_Corporation

4

February 2026

January 2026

The Hardest Part of a 5,000% Return Happens Before Anyone Believes You

The pitch always looks easier in the morning

Jan 11 • Epochal_Corporation

5

Power, Latency, and the Things That Don’t Move Quickly

Dear Partners,

Jan 8 • Epochal_Corporation

5

Stillness as an Edge: How a 123% Return Was Really Earned

A quiet philosophy behind an uncommon year

Jan 2 • Epochal_Corporation

5

December 2025

Starting Points Matter: What Valuations Are Signaling and How I Am Positioned

Investor Letter

Dec 6, 2025 • Epochal_Corporation

3

A Sabine Moritz Triptych and the Quiet Architecture of What Remains

From red earth to abstraction, a story about how understanding takes root

Dec 5, 2025 • Epochal_Corporation

2