$Bloom Energy(BE.US), $Fluence Energy(FLNC.US), $X-Energy(XE.US), $GE Vernova(GEV.US) all fell 6-10% today, with this batch of high-beta AI power stocks collectively taking profits. They had risen way too much previously on the narrative of AI data center power demand—$Bloom Energy(BE.US) alone surged tenfold in the past year, and that Brookfield data center power supply deal kept increasing from $5 billion to $25 billion. The sharper the rally, the more crowded the trade. Once the Nasdaq weakened and risk appetite contracted, those at the front of the pack were the first to have profits taken 😪. The data center power gap is real, but stock prices have front-loaded expectations for the next few years too aggressively. Today's pullback looks more like a valuation and positioning issue, not a disproof of demand.