Odd Lots · Thursday, October 29, 2026
Alex Altman of Barclays discusses the current market sentiment around AI, noting that while investors remain overwhelmingly bullish, the market is entering a denial phase regarding emerging financing and capital constraints, particularly among riskier neoclouds.
“The consensus AI outlook is that AI is still going to, this train is in motion. We're not stopping this train. That's still the consensus, to be very clear.”
“I'm not going to say we're at kind of this bubbles popped. I know there's commentary out there that actually has said that, but I definitely, if you were to sort of juxtapose those two narratives, we're in the denial phase right now because everyone is still extremely bullish.”