The market is conflating *infrastructure capacity* with *competitive advantage* — and the mispricing is glaring. CoreWeave just hit a $61B valuation selling rack space and GPUs. That's a commodity business. The same margin compression that gutted every previous cloud-services play is already baked into its future, yet investors are handing it a 10x multiple on zero profitability. Meanwhile, the genuinely high-quality names are getting overlooked.

Research these companies