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THE STACK · COMPUTE · CRS

Compute

How to read Compute

This page tracks the structural supply-demand balance of AI compute. The Compute Regime Score (CRS) at the top tells you whether demand commitment is outpacing supply expansion. Below, component cards break down demand, the supply gap, and forward executive signals. When the score is high, the market is building faster than it can supply.

Tessara — AI Infrastructure Intelligence

THE STACK · COMPUTE · CRS

Compute

How to read Compute

This page tracks the structural supply-demand balance of AI compute. The Compute Regime Score (CRS) at the top tells you whether demand commitment is outpacing supply expansion. Below, component cards break down demand, the supply gap, and forward executive signals. When the score is high, the market is building faster than it can supply.

Compute Regime?

70+4.4 7d

TIGHT·TIGHTENING

Compute supply is tight and accelerating.

CRS-F78%↑· leads ~2 quarters · ρ 0.79

Updated May 3

CRS = current tightness. CRS-Forward leads by ~2 quarters (Spearman +0.794). Methodology →

What drives the score

Demand

70Capex +70% YoYQuarterly

Supply

60Supply gap +38ppMonthly

Outlook

8384 signals, neutralRolling

Forward signals point to continued tightening, demand strong. Spot market diverging — rental conditions moderately out of step with structural regime. Demand pressure moderate, narrow, usage-led.

Deep Divesper-component data, pricing trends, executive signals

Why it moved· May 3medium confidence

Forward signals pushed CRS higher as spot rental conditions diverge from forward contract pricing.

Forward contract pricing moved up while spot GPU rental rates held flat, signaling that buyers are locking allocation windows ahead of anticipated tightening rather than transacting in the open market. Watch whether spot rental rates begin closing the gap with forward pricing — convergence would confirm demand is pulling forward and not just hedging.

Forward signalsdrove the moveDemand commitmentflat, no contributionSupply-demand gapflat, no contribution