Supply is still not catching up to demand in AI, says Solus' Dan Greenhaus

Summary

Dan Greenhaus and Matt Stucky discuss the Wall Street Journal story about OpenAI missing revenue targets, but both argue the key takeaway is that AI compute demand still far exceeds supply. They expect upcoming earnings from major tech companies to reinforce this narrative, supporting the current market rally.

• Dan Greenhaus downplays OpenAI revenue concerns, suggesting compute will still be used elsewhere.
• Greenhaus emphasizes that supply is still not catching up to demand in AI.
• Matt Stucky highlights that earnings have been driving stocks higher this year.
• Both guests expect upcoming mega-cap tech earnings to show continued compute constraints.
• The panel suggests the AI capex cycle remains intact despite overbuilding fears.
• The market's reliance on these earnings reports is seen as incredibly important.