Masters in Business · Friday, September 18, 2026
Glen Kacher asserts that AI demand is currently exceeding supply, making current doomerist predictions misplaced. He notes that major players like Amazon, Microsoft, and Google are struggling to keep up with demand for AI compute and infrastructure, facing bottlenecks in areas like memory and chip manufacturing.
“And the question is, how far ahead of demand are they planning? And the reality is they're not ahead today. They're behind.”
“They're playing catch-up. The negative doomers are expecting them to over-invest, but today that's just not happening. There are bottlenecks, right? There are real bottlenecks, and it's quite well discussed, that have slowed down the ability to build. And you've got companies that are in control of some of those bottlenecks, whether it's memory... companies, which we like as well, or whether it's Taiwan Semiconductor, they're actually, they can only invest so fast. So today, demand is still running way ahead of supply. And so this doomerism that has grown up around AI, in my mind, is misplaced.”