Smaller AI Spending Forecasts, Sold-Out Computing Power: Both Can Be True
A 24/7 Wall St. article argues recent results from CoreWeave, Oracle, and Vertiv show smaller AI spending forecasts and sold-out computing power can both hold, noting CoreWeave's Q3 revenue rose 168.3% to $3.66 billion with a $132.5 billion backlog, Oracle booked over $30 billion in new AI contracts, and prices for older chips rose 30–50%. Quotes cited include Stephanie Link trimming projected data-center spending to $3–4 trillion, Jim Cramer saying CoreWeave's CEO calls it 10 times oversubscribed for 2027, and Elon Musk writing that getting a compute cluster reliably working takes him about two months.
