...these two charts do not bode well...
PremiumFor months, the market’s central premise has been that compute is scarce.But, in an excellent brief note this morning, Goldman Sachs One-Delta desk-head, Rich Privorotsky, raises some crucial questions about the relative supply and demand underlying the narrative that has driven the market parabolically higher.Supply...
Goldman Sachs' Rich Privorotsky warns that rising compute hardware availability from major AI companies is challenging the…
Higher hyperscaler capex forecasts sit somewhat awkwardly alongside falling token costs, open source models and local inference...
...the recent ingredients added have made the whole setup materially more volatile and explosive...
Chasing beneficiaries at peak earnings feels dangerous...
...supply is becoming increasingly difficult theme to ignore in equities.
...a basket of the core hyperscalers is DOWN 18% so far in June, which tracks as the worst single month for this cohort since the…
