I love seeing individuals use fundamentals and undervalued FWD P/E ratios to justify how a stock that’s done a 10-40x in 1 year like $SNDK $MU $WDC can keep going higher without a significant pullback that makes people question their conviction

Mind you, a large correction is not bearish though many will interpret it this way. We’re very early in this AI infrastructure buildout, compute is scarce, but there is a right time to buy quality assets and it’s not when sentiment is euphoric and prices are at all-time high
The correction happening in $IREN over the last few months after a 12x is a perfect example of what to expect in semis / memory plays over the next year imo