As long as the data centers are utilized and generating revenue, I see no reason for a correction or any misallocation of capital for the infrastructure buildout.

And today these data centers are fully utilized. OpenAI tweeted today that they may need to disable new signups for the Pro subscription in the near future due to capacity constraints.

A year from now, who knows what the situation is going to be like. It seems quite possible that robotics, self driving, research, etc. drive even more demand and revenue.

Stating with any certainty that allocating capital to build infrastructure is a mistake and that there is a correction coming seems unserious.

You should see all the misallocation that was put towards valve-based computing. Why didn't they just all arrive at the correct answer without investing in discovery first?