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AI infrastructure stocks are short-term clearly decided— you can buy the leader stock to catch a rebound, and wait for the K-line to form a right shoulder. But the risk-reward ratio isn’t high, so it’s hard to recreate the broad rally from April to June.
When looking back at next year or the year after, the current level is very likely the top range. Market expectations are priced in too aggressively: the stock prices are running far ahead of fundamentals, especially in memory.