The pessimists calling the top on AI stocks? They're missing the bigger picture here. Every correction gets treated like the sky's falling, but that's exactly when institutional money quietly accumulates.

Here's what the doomsayers overlook: AI infrastructure spending isn't slowing down—it's accelerating. Companies are barely scratching the surface of implementation. We're talking multi-year build-outs, not hype cycles that fizzle in months.

Sure, valuations look stretched if you're stuck in traditional metrics. But when revenue growth keeps surprising to the upside quarter after quarter? That wall of worry becomes a staircase. Short-term noise versus long-term fundamentals—and the fundamentals keep winning.

The real alpha is in separating genuine skepticism from reflexive bearishness. Markets climb walls of worry precisely because everyone's looking for reasons to sell. Meanwhile, the companies actually deploying AI solutions are printing cash and expanding moats.

Bottom line: positioning matters more than predictions right now. The bears aren't necessarily wrong about risks—they're just early. And in markets, being early looks a lot like being wrong.