Nexans CFO: Cable Capacity Now a Bottleneck for AI Data Centers

The bottleneck Piquet describes is a lead-time problem, not a demand problem: three years to bring a CV line online means cable supply is effectively fixed through the current buildout cycle, regardless of how much capital data center developers are willing to spend. That shifts leverage toward incumbents with existing capacity and makes cable procurement a scheduling constraint for project timelines, not just a cost line. The open question is whether the tightness stays confined to XLPE cable or signals broader lead-time inflation across electrical infrastructure for AI campuses.