From NVIDIA infrastructure trading to Reddit application layer, the AI rotation rhythm has changed, PEG≈1 logic is solid but don't chase highs

This round of AI rotation has shifted from infrastructure stocks represented by companies like NVIDIA to application-layer companies that are closer to profitability. The community's discussion about Reddit (RDDT) is the hottest, with claims that its data moat centered on Reddit data is strong, revenue and profit margins are high, and PEG is close to 1, making it the strongest logic; but there are also concerns about data quality and bargaining power. META, Palantir, Snowflake, and others have profitability at the AI implementation level, and the market's catalysts for the application layer have not yet been fully realized, with differing opinions still present, but there is a general optimism about the long-term potential of the application layer.