This is a great question. These are the four approaches I found on the subject. This is the way I understand it. I hope they are useful. All text and translation are from seferia
- Hashem Says to the world stop. Talmud Chagiga
אָמַר רַב יְהוּדָה אָמַר רַב: בְּשָׁעָה שֶׁבָּרָא הַקָּדוֹשׁ בָּרוּךְ
הוּא אֶת הָעוֹלָם, הָיָה מַרְחִיב וְהוֹלֵךְ כִּשְׁתֵּי פַקְעִיּוֹת
שֶׁל שְׁתִי, עַד שֶׁגָּעַר בּוֹ הַקָּדוֹשׁ בָּרוּךְ הוּא וְהֶעֱמִידוֹ,
שֶׁנֶּאֱמַר: ״עַמּוּדֵי שָׁמַיִם יְרוֹפָפוּ וְיִתְמְהוּ מִגַּעֲרָתוֹ״,
וְהַיְינוּ דְּאָמַר רֵישׁ לָקִישׁ: מַאי דִּכְתִיב: ״אֲנִי אֵל שַׁדַּי״
— אֲנִי הוּא שֶׁאָמַרְתִּי לָעוֹלָם דַּי. אָמַר רֵישׁ לָקִישׁ:
בְּשָׁעָה שֶׁבָּרָא הַקָּדוֹשׁ בָּרוּךְ הוּא אֶת הַיָּם הָיָה מַרְחִיב
וְהוֹלֵךְ, עַד שֶׁגָּעַר בּוֹ הַקָּדוֹשׁ בָּרוּךְ הוּא וְיִבְּשׁוֹ,
שֶׁנֶּאֱמַר: ״גּוֹעֵר בַּיָּם וַיַּבְּשֵׁהוּ וְכׇל הַנְּהָרוֹת
הֶחֱרִיב״. And Rav Yehuda said that Rav said, with regard to the same
matter: When the Holy One, Blessed be He, created the world, it
continued to expand like two balls of a warp, whose cord lengthens as
they unravel, until the Holy One, Blessed be He, rebuked it and made
it stand still, as it is stated: “The pillars of heaven tremble and
are astonished at His rebuke” (Job 26:11). And this is the same as
that which Reish Lakish said: What is the meaning of that which is
written: “I am the Almighty God [El Shaddai]” (Genesis 17:1)? It
means: I am He Who said to the world “enough [dai],” instructing it to
stop expanding. Similarly, Reish Lakish said: When the Holy One,
Blessed be He, created the sea, it continued to expand until the Holy
One, Blessed be He, rebuked it and made it dry, as it is stated: “He
rebukes the sea and makes it dry, and desiccates all the rivers”
(Nahum 1:4).
https://www.sefaria.org/Chagigah.12a.16?lang=bi
- Sufficiency for all. Rashi Breshis
שׁדי. אֲנִי הוּא שֶׁיֵּשׁ דַּי בֶּאֱלֹהוּתִי לְכָל בְּרִיָּה,
לְפִיכָךְ הִתְהַלֵּךְ לְפָנַי וְאֶהְיֶה לְךָ לֶאֱלוֹהַּ ולְפַטְרוֹן;
וְכֵן כָּל מָקוֹם שֶׁהוּא בַּמִּקְרָא פֵּרוּשׁוֹ כָּךְ: דַּי שֶׁלּוֹ,
וְהַכֹּל לְפִי הָעִנְיָן: י I AM GOD ALMIGHTY — I am He whose (ש)
Godship suffices (די) for every creature (Genesis Rabbah 46:3),
therefore, ‘‘walk before Me”, and I will be your God and Protector.
Similarly, wherever in the Scriptures this Divine Name שדי occurs, it
signifies the idea of His sufficiency — but it all depends upon the
context as to what the “sufficiency” refers to.
https://www.sefaria.org/Genesis.17.1?lang=he&with=Rashi&lang2=en
- Hashem is self-sufficient, Rambam
כן שם ׳יה׳ הוא מענין נצחיות המציאה. ו׳שדי׳ – בו גזרה מן ׳די׳:
״והמלאכה היתה דים״; וה׳שין׳ – בענין ׳אשר׳, כמו ״שכבר״; ויהיה ענינו:
׳אשר די׳ – הכונה בזה: שהוא לא יצטרך במציאות מה שהמציא ולא בהתמידו,
לזולתו, אבל מציאותו מספקת בו. וכן שם ׳חסין׳ נגזר מן הכח: ״וחסון הוא
כאלונים״. וכן ׳צור׳ הוא שם משותף כמו שבארנו. The name Jah likewise
implies eternal existence. Shadday, however, is derived from day,
“enough”; comp. “for the stuff they had was sufficient” (dayyam, Exod.
36:7) the shin is equal to asher, “which,” as in she-kebar, “which
already” (Eccles. 2:16). The name Shadday, therefore, signifies “he
who is sufficient”; that is to say, He does not require any other
being for effecting the existence of what He created, or its
conservation: His existence is sufficient for that. In a similar
manner the name ḥasin implies “strength”; comp. “he was strong (ḥason)
as the oaks” (Amos 2:9). The same is the case with “rock,” which is a
homonym, as we have explained (chap. xvi.).
https://www.sefaria.org/Guide_for_the_Perplexed%2C_Part_1.63.5?lang=bi&with=all&lang2=he
- Mighty - Ibin Ezra
אל שדי. שם התואר וטעמו תקיף וכן כקול שדי. והיה שדי בצריך כי טעמו כטעם
ושית על עפר בצר. ושדי על משקל לבי דוי. ורבים פירשוהו מגזרת שודד. שהוא
מנצח והתגבר. וטעם להזכיר השם הזה בפרשה הזאת לירא אברהם וימול. והנכון
כי השם הנכבד והנורא נקרא כנגדו. וזה שם התאר כנגד המעשה כי העולם עומד
על אלה שני השמות. והמבין סוד השם יאמין: GOD ALMIGHTY. Shaddai is an
adjective meaning mighty. Shaddai in like a mighty voice (ke-kol
shaddai) (Ezek. 1:24) is similar. Also, Shaddai in And mighty will be
thy silver (shaddai betzarekha) (Job 22:25) is similar because the
word betzarekha (thy silver) has the same meaning as the word betzer
(silver) in And lay thy treasure (or silver) (betzer) in the dust (Job
22:24). The word Shaddai follows the paradigm of davvai (faint), in
And my heart is faint (davvai) (Lam. 1:22). Many derive Shaddai from
the same root as shoded (overpowering), meaning, He is victorious and
overpowering. The reason God used this name at this time was to
impress upon Abraham the fear of God so that he would circumcise
himself. The correct interpretation of the divine names is as follows:
Shaddai is an adjective describing God’s power over creation. The
Tetragrammaton, God’s revered and awesome name, stands in contrast to
it. The world exists by virtue of these two names. Whoever understands
the secret of God’s name will accept my interpretation.
https://www.sefaria.org/Genesis.17.1?lang=he&with=Ibn%20Ezra&lang2=en