Everything is bigger in Texas. That's also true for data center demand in the Lone Star State, where project developers are rushing to cash in on the artificial intelligence boom.

Cheap land and cheap energy are combining to attract a flood of data center developers to the state. The potential demand is so vast that it will be impossible to meet by the end of the decade, energy experts say.

Speculative projects are clogging up the pipeline to connect to the electric grid, making it difficult to see how much demand will actually materialize, they say. But investors will be left on the hook if inflated demand forecasts lead to more infrastructure being built than is actually needed.

"It definitely looks, smells, feels — is acting like a bubble," said Joshua Rhodes, a research scientist

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