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The Growing Compute Shortage
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Equity | Market Insight
June 15, 2026
The Growing Compute Shortage
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About the Authors
Robert Bittencourt
Partner, Head of Apollo Thematic Investing
About the Author
Robert Bittencourt
Partner, Head of Apollo Thematic Investing
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In Frank Herbert’s Dune, spice is an indispensable resource—found only on the desert planet Arrakis—that powers interstellar civilization.\r\n"}}" data-article-template id="text-928d654e73" class="cmp-text cmp-apollo-text "><br>In Frank Herbert’s Dune, spice is an indispensable resource—found only on the desert planet Arrakis—that powers interstellar civilization.
In 2026, compute is becoming the spice of our era.\r\nOver the last few months, we have seen a marked shift in conversations around AI infrastructure, with debate now centered on whether the world can build enough compute fast enough to satisfy demand. Across the AI supply chain, constraints are emerging simultaneously: GPUs are scarce, memory prices are surging, TSMC capacity is effectively sold out,1 and power infrastructure has become a critical bottleneck. The result is a new form of scarcity that is beginning to reshape corporate strategy, capital allocation, and market leadership.\r\nCompute, in short, refers to the computational...