AI hardware is at peak contrarian setup right now. Everyone's freaking out, sentiment is trashed, but the fundamentals haven't changed. This is when the best entries happen — not when CNBC is celebrating all-time highs. If you're bearish on AI chips and infrastructure here, you're fighting the most obvious secular trend of the decade. Positioning is washed out, valuations have reset, and capex cycles don't just stop because of one bad quarter. The next leg up will leave skeptics behind.