Wedbush analyst Dan Ives states that the sharp declines in AI infrastructure companies like CoreWeave ($CRWV), IREN ($IREN), and Nebius ($NBIS) are buying opportunities, not warning signs. Despite rising borrowing costs, Ives argues that AI computing demand remains robust, with chip demand reportedly exceeding available supply by a 13:1 ratio. He anticipates 800-1,000 new data centers will be built in the coming years, emphasizing that higher interest rates make AI infrastructure more expensive to finance but do not necessarily weaken demand.