The story of AI hasn't changed, but the market's questions have. Before, Wall Street asked how much you planned to spend on AI. Now they're asking when that money will turn into cash flow. NVDA's volatility, AI stocks pulling back, BTC's risk pricing. It's all answering the same question: capital can pay for the future, but it won't prepay for the future indefinitely. Next, what will truly be valuable isn't the companies that can tell an AI story, but the ones that can turn computing power into profit.