CLOUDED JUDGEMENT 7.3.26 - THE END OF COMPUTE SCARCITY? NOT SO FAST

Summary from the TLDR AI newsletter

Meta and SpaceX selling compute capacity could mean that there's excess compute capacity that two of the largest buyers no longer need. This may result in downward capex revisions for the hyperscalers. It's possible demand simply isn't there for what's being built with AI. However, this is unlikely, as anyone willing to sell capacity finds buyers immediately.