A large part of the data center bubble is crypto mining operations that pivoted to AI. That was a very squishy part of the business already. They have no credible pivots left.

Some of that will get absorbed by market leaders including OpenAI. In the short term that's good for OpenAI. They could pick up some bargains, and doing so will divert some attention from their unachievable growth plans.

You've posed this as a loaded question. Before asking it might be wise to first establish that there is an AI bubble (and that it pops).