Don't be upset about missing out on storage this round.

Looking back at the dot-com bubble in 2000: first the rise of Cisco (HW infrastructure), and ultimately the dominance of AMZN & GOOG (applications/content).
Storage giants are currently overestimating future expectations. When OpenAI, xAI complete their IPO rush, and everyone talks about AI changing the world but not about profitability, a pullback will come.
The script remains the same: 1. Let them rise first, let the bubble fly; 2. Wait for the narrative to hit the profit wall; 3. Wait for China's application layer to rise and force supply-side adjustments.
Good hunters don't chase running prey; they dig traps along the inevitable path.