Investors Discuss AI Stock Selloff Versus Valley Activity
Patrick O'Shaughnessy talks with Gavin Baker about market prices versus on-ground AI demand.
Patrick O'Shaughnessy posted about recording his seventh conversation with Gavin Baker after running into him in Palo Alto. O'Shaughnessy stated the discussion focuses on the gap between market prices for public AI names and activity reported on the ground in Silicon Valley. Baker is quoted on SpaceX compute ambitions, why companies cutting AI spend may not reduce demand due to open source models and inference clouds, and comparisons of bullishness among people in the ecosystem versus stock market signals. A reply praised the lighting in the shared video.
My seventh conversation with @GavinSBaker. It's about the gap between what the market is doing and what companies are seeing. It's been a tough month or so for public AI names, but there's no sign of a slowdown on the ground in Silicon Valley. We discuss: - Why old GPUs are…
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13 posts"Have you met anyone that's more bullish than you?" Gavin: "Everyone out here is more bullish than me!" "I look at what's happening in the stock market, and I feel like a foolish optimist. But when I talk to anyone in this ecosystem, I'm bearish relative to essentially…
My seventh conversation with @GavinSBaker. It's about the gap between what the market is doing and what companies are seeing. It's been a tough month or so for public AI names, but there's no sign of a slowdown on the ground in Silicon Valley. We discuss: - Why old GPUs are…
Gavin: "SSI says that they are going to come out with their model in August"
My seventh conversation with @GavinSBaker. It's about the gap between what the market is doing and what companies are seeing. It's been a tough month or so for public AI names, but there's no sign of a slowdown on the ground in Silicon Valley. We discuss: - Why old GPUs are…
@patrick_oshag @GavinSBaker The discussions topics are of course top-notch but I also liked the lighting so much here.
Super fun to do this again with @patrick_oshag Randomly ran into Patrick in Palo Alto last Tuesday and recorded this on Wednesday when the AI complex was 35-40%ish off its June highs. https://x.com/patrick_oshag/status/2084610308279288141/video/1
Seventh!
My seventh conversation with @GavinSBaker. It's about the gap between what the market is doing and what companies are seeing. It's been a tough month or so for public AI names, but there's no sign of a slowdown on the ground in Silicon Valley. We discuss: - Why old GPUs are…
@patrick_oshag Fundamentals and valuations turned out to matter!
