Invest Like the Best with Patrick O'Shaughnessy · Tuesday, August 4, 2026
Gavin Baker predicts that the AI cycle will be longer and deeper than anticipated due to increasing demand outpacing compute supply. He highlights the growing gap between available and utilized compute capacity as a key factor.
“And the real constraint here is going to be compute capacity.”
“And so that makes me think that the AI cycle is going to be longer and deeper than I think most people are anticipating.”
“The demand side is already kind of outpacing the supply side.”