---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42276912.md"
description: "The AI computing infrastructure theme was collectively sold off today. $Vertiv(VRT.US) and $Hewlett Packard Enterprise(HPE.US) both fell over six percentage points. $Applied Digital(APLD.US) fell over four percentage points. $IREN(IREN.US) and $CIG(06166.HK) fell one to two percentage points, respectively. Two signals of a loosening sector narrative: first, "unsustainable AI Capex" is starting to be written into research reports by mainstream sell-side analysts; second, news of OpenAI delaying its IPO has spread skepticism about the pace of AI capital expenditure from the primary market to the secondary market. High-beta names like $Vertiv(VRT.US) will take the hit first. In terms of pricing, this round of correction has pulled $Vertiv(VRT.US) and $Hewlett Packard Enterprise(HPE.US) back from their previous highs to near their levels at the beginning of the year. Whether computing infrastructure has entered a valuation repair zone is one of the core questions for the next 2-3 months."
datetime: "2026-06-29T09:47:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42276912.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42276912.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42276912.md)
author: "[摸鱼小能手](https://longbridge.com/en/profiles/26892829.md)"
---

# The AI computing infrastructure theme was collecti…


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