Flipped through this week's accounts and found something interesting—

The biggest drop wasn't in small-cap junk stocks, but in a few of the hottest AI stocks during this round of market rally.
I'm not naming names, but you can check out those AI concept stocks with PE ratios in the hundreds; this week, they were all about who could fall the most. Conversely, TSMC, Broadcom, and others fell but didn't crash, and even rebounded a bit. Why? Because AI capex hasn't shrunk. TSMC's 3nm production line is now scheduled for next year, it's not a story, it's orders.
When the market is crazy bullish, no one looks at valuation; when it falls, everyone only focuses on valuation—that's actually the same group of people.
Panic and opportunity are often two sides of the same coin. The difference is whether you're being pushed by panic to run or flipping the cards #NVDA within panic.