Vast AI demand isn't enough to outweigh concerns of the amount of spending tied to the buildout, says Mike Dickson. He says the scrutiny on growing CapEx is warranted, though he argues not all companies show debt concerns as strong as CoreWeave (CRWV) and Oracle (ORCL). As investors move out of the AI trade, Mike notes the rotation into other sectors as a mid-term positive for the stock market.