Apr. 28 at 3:55 PM
Market selling first, thinking later.
WSJ headline on OpenAI missing internal 2025 revenue targets is triggering a broad AI/semis pullback — but context matters.
If the miss is driven by compute constraints (power, chips, data centers), that’s a supply bottleneck, not demand destruction. Jassy, Altman, and Anthropic have all pointed to the same issue: more capacity = more growth.
Even in a bear case where
$GOOGL or Anthropic take share, that spend doesn’t disappear — it rotates. Same infra buildout, same chip demand, just different buyer.
Let’s be real:
$SOXX just ran ~18 green sessions. Stretch like that needs a catalyst to cool off. Some names (
$ARM trading extreme multiples) were already pricing perfection.
Feels more like positioning unwind than structural damage.
Eyes now on Big Tech earnings — capex, AI ROI, and forward guidance will decide the next move.
NVDA AMD MSFT
$META $ORCL
Curious about the full approach?👉 Check the @MeanReverter_
