The sell-off in data center plays makes less sense by the day

Kimi being so cheap while still requiring roughly the same amount of energy leads to only one thing:
> More demand for intelligence and more demand for power
Intelligence becoming cheaper means...
> The bottleneck is energy
As Sam Altman said, the cost of intelligence will converge toward the price of energy
It’s happening in real time
And the closer we get to that being true, the greater the demand for access to energy becomes
Given this, why on earth would data centers sell off?
Of course, broad market momentum plays a role, but it’s not rational