The recent selloff in $NBIS , $CRWV and $IREN looks increasingly disconnected from the underlying demand for AI infrastructure. Rising GPU rental prices, strong customer prepayments and fresh financing against contracted GPUs suggest that real demand is still there. Meanwhile, falling AI token prices highlight where pricing power currently sits in the AI economy. Markets may be worried about financing, but companies with real customers, infrastructure and revenue opportunities could be better positioned than the current sentiment suggests. Sometimes the market focuses too much on short-term fears and overlooks the bigger picture. Watching $NVDA closely.