Hyperscaler Capex

Gavin Baker - AI Market Jitters - [Invest Like the Best, EP.485]

Gavin Baker argues the July selloff in AI stocks disconnected public-market prices from improving fundamentals, with GPU availability, rental pricing, token demand, and hyperscaler operating cash flow all moving higher. He says the biggest risk is regulation, while long-term compute demand could still be enormous if AI monetization, open-source dynamics, and new infrastructure financing models keep compounding.