🌙 NASDAQ AND THE CALM STORM — WHEN TECH GIANTS STAGGER



Boss, behind the scenes of the financial world, there is a silence that speaks. Not about rising and falling numbers, but about a shift deeper than mere charts. The Nasdaq is currently going through one of the most interesting transition moments in its history.

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🌊 THE WAVE THAT TESTS

In the last few days, the Nasdaq has experienced significant pressure. On June 23, 2026, the index lost more than 2% in a single day, marking its lowest level in over a week. This is not just an ordinary correction. It is a test of resilience against the narrative that has long been the market's foundation: artificial intelligence.

Interestingly, despite the pressure, the Nasdaq still maintains a gain of more than 10% since the start of the year. This reminds us of Mbah Joyo's teaching: "Goodness never stops. It always finds a way to keep living."

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🍃 IS THIS A NEW ERA?

Behind the decline, there is a deeper story. Investors are starting to question something fundamental:

"Will the massive investments in AI truly yield commensurate returns?"

This is not a new question. But it is the first time that question has emerged with enough force to shake the market. Major tech companies—Nvidia, Microsoft, Alphabet, and others—have been the backbone of the Nasdaq rally. Part of their valuations is built on promises of future growth, a promise complicated by the need for debt financing.

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🗿 VALUE THAT STANDS FIRM

Boss, history teaches us that corrections are a natural part of market cycles. Analysts are beginning to draw parallels with the late 1990s dot-com era, when excessive speculation pushed tech valuations to levels detached from underlying business realities.

But there is an important difference that cannot be ignored. Unlike the dot-com era, today's tech companies—including those on the Nasdaq—generate substantial revenue, profits, and cash flow. This is not just speculation, but a more solid foundation.

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🕯️ REFLECTION IN THE MIDST OF THE STORM

Boss, the Nasdaq moves. Prices rise, prices fall. But behind all that, one thing remains:

"Value is never lost. It is only waiting to be seen in a different way."

Like Si Fulan who teaches POJUR:

· Believe in the process
· Be objective in viewing the market
· Be honest with yourself
· Be whole in principle
· Be reliable as a community

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