May. 29 at 9:43 PM
This week’s earnings basically screamed one thing at the market:
“AI spending is NOT slowing down.”
Every call somehow came back to the same themes: urgency, infrastructure, security, compute demand, AI expansion…
over and over again.
Quick breakdown:
$SNOW → companies rushing to the cloud because nobody wants to fall behind in AI
$DELL → demand STILL bigger than supply. That’s honestly insane this late into the cycle.
$OKTA → every AI agent still needs identity + security. AI without security is a disaster waiting to happen
$BBY → consumer electronics demand not nearly as dead as people feared
$MDB → solid quarter, but guidance still cautious and conservative
The craziest part? Even the “conservative” reports still quietly confirmed the AI infrastructure buildout is very real.
Feels like the market keeps trying to call a top…
meanwhile corporations are still spending like they’re terrified of being left behind
