$Terawulf(WULF.US), $IREN(IREN.US), and $Nebius(NBIS.US) all got hammered today, each dropping eight or nine percent. The AI data center and crypto computing power sector has a very high beta, so it's the first to get hit when risk appetite shrinks—on the day AI estimates are being repriced, these companies that are still burning cash to build computing power and haven't fully proven their profitability paths also give back gains quickly. $IREN(IREN.US) and $Terawulf(WULF.US) also have Bitcoin exposure, adding another layer of pressure when the crypto price weakens. They have high elasticity on the rebound too, it's just that holding them on days like this requires strong nerves 😵‍💫