The software index just hit late-2023 levels while the semiconductor ETF tagged record highs three sessions in a row. That 29-point divergence in 8 days tells you everything about where $660 billion in AI infrastructure spend is coming from. This week alone, Snowflake and HubSpot dropped 20%+. Cloudflare, Intuit, Atlassian, Workday, Datadog, DocuSign all down 10%+ in a single week. These aren't speculative pre-revenue startups. These are profitable, enterprise-grade businesses with billions in…