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Gavin S.

2026-08-07 · 00:32 UTC ·@MattLoszak ·1 min read

Brief

Patrick O’Shaughnessy’s 2026-08-07 interview with investor Gavin S. Baker contrasts market sentiment with on‑the‑ground activity: Baker says only hyperscalers, CoreWeave, Crusoe, and SpaceX have added >500 MW/year. The episode examines financing vs. debt for the AI buildout, rising old‑GPU prices, Nvidia strategy, the memory supply fight, Claude’s market impact, and SpaceX as a data‑center player.

Why it matters

Gavin S. Baker states that the only data‑center developers to bring on more than 500 MW in a year are the hyperscalers, CoreWeave, Crusoe, and SpaceX.

Key details

  • Patrick O’Shaughnessy’s 2026-08-07 episode (his seventh conversation with Baker) covers financing the AI buildout (10:20), rising GPU prices (18:18), Claude moving markets (24:23), the memory supply war (36:59), Nvidia’s new playbook (42:08), and SpaceX/orbital compute (71:11).
  • Despite a recent public AI selloff, Baker and O’Shaughnessy report no slowdown on the ground in Silicon Valley; CrusoeAI is highlighted as a partner with 'nuclear‑powered data centers coming soon.'
Source evidence

"The only data center developers that have brought on more than 500 MW in a year are the hyperscalers, CoreWeave, Crusoe, and SpaceX" - @GavinSBaker

Shoutout to our partner @CrusoeAI. Nuclear-powered data centers coming soon.

From @InvestLikeBest

Patrick OShaughnessy (@patrick_oshag)

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 getting more expensive
- Open source vs the frontier
- Claude as Wall Street's Walter Cronkite
- Whether the buildout gets funded out of cash flow or debt
- SpaceX as a data center company
- And more

Enjoy!

TIMESTAMPS
0:00 Intro
1:17 AI Selloff vs. Fundamentals
10:20 Financing the AI Buildout
18:18 GPU Prices Keep Rising
24:23 Claude Moves Markets
29:01 What Could Break the Thesis
36:59 The Memory Supply War
42:08 Nvidia’s New Playbook
50:14 China and Open Source
61:51 Data Centers and Regulation
71:11 SpaceX and Orbital Compute

Video

— https://nitter.net/patrick_oshag/status/2084610308279288141#m