ORCL and VST getting dumped because of "AI overspending" fears, and I think the market is just wrong

Been slowly adding to positions in $ORCL and $VST while everyone else is panic selling, and honestly the bear case here feels really stretched.

The whole "AI capex is reckless" narrative keeps getting louder but the actual data tells a different story. Power grids are still behind demand, chips are still constrained. Companies aren't building ahead of the curve, they're playing catch-up every few years just to keep up with what's already being consumed. That's not overcapacity, that's a supply gap.

And yet $ORCL is sitting at a valuation you'd only see during dotcom-level carnage, while $AAPL, a company not investing heavily in infrastructure, gets rewarded. The market is basically punishing the builders and hugging the sidelines. ngl that feels backwards to me.

Been tracking this on MooMoo and the fundamentals for $ORCL and $VST just don't match the selloff. Revenue growth is still there, the demand case is still intact.

Kinda curious, anyone else been adding into this dip or am I the only one who thinks the AI spending panic is overblown?