This week has shown that the appetite to build out AI infrastructure and put it to use isn't slowing down, contrary to market jitters. Rental rates for older-generation Nvidia (NVDA) GPUs, known as Blackwell and Hopper, continue to rise, suggesting that the shortage of compute remains acute, BCA Research chief economist Peter Berezin pointed out (see chart below). An acute shortage occurs when demand outstrips supply. "I think we are heading for an AI capex bust but probably not until 2028," Berezin said.Nvidia chip prices remain strong.·BCA Research Add it to the fresh list of bullish indicators on AI, which has helped bring the bulls back into top momentum tech names such as Micron (MU), Sandisk (SNDK), and Broadcom (AVGO).
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