AI chip revenue surged 143% year-on-year; orders are already booked through 2028; and Google, Meta, and OpenAI are all customers. Yet because the Q3 guidance was “just below the most optimistic expectations,” the stock price fell 12.59% in a single day, with nearly $300 billion in market value wiped out. This is the truth of AI stocks today: no matter how fierce the performance is, if it’s not a “perfect beat,” you’ll still get hammered.