Right now, the 'AI Three Fools'—SanDisk, Micron, and SK Hynix—are all pulling back, but there’s no sign of a bottom yet. Meanwhile, SPCX is not only surging but doing so under the pretext of space computing power, which feels pretty absurd. This might indicate that capital is shifting from 'falsifiable AI' to 'unfalsifiable AI.' In other words, the stories on the ground have been told and are getting harder to sell, so now they’re turning to space stories. After Anthropic goes public next month, especially by 2027, the AI sector will definitely transition from focusing on narratives to focusing on profitability. By then, SPCX might be the only one to survive the profitability purge. There’s another advantage to this approach: during the liquidity tug-of-war between U.S. stocks, U.S. bonds, and corporate bonds, SPCX issued $40 billion in bonds last week to fund purchases of NVIDIA chips for Starmind orbital AI satellites and Memphis computing power—and instead of dropping, it surged. This is a stark contrast to the sharp decline caused by its corporate bond issuance during its IPO. @BITstocks_CN Buy U.S. stocks on BIT—10,000+ U.S. stocks and ETFs, real holdings, enjoy dividend payouts.