Grayscale: AI compute stocks slump doesn't dent demand for capacity
- —Indxx HPC index with CoreWeave and Nebius is down about 27% since late September
- —Capex of the index's top five holdings tops 230% of sales over 12 months
- —Pandl expects inference demand from AI agents and falling token prices
- —He sees overlap between AI compute and bitcoin mining, with upside for BTC
Why it matters: The thesis links AI infrastructure and bitcoin mining: if compute demand holds, the equity selloff may be a buying opportunity.
Source: ChainCatcher 链捕手