Is tech over? Is the AI rally over? Is the memory market over?
These three questions are actually easy to answer!
We just need to ask ourselves two questions.
1. Is AI over?
2. Has the fundamentals-based framework for valuing companies by their earnings collapsed?
Obviously, the answer to both is: no!
First, the AI revolution has only just begun. Second, Wall Street still values companies based on their earnings.
ChangXin's 4F2 DRAM architecture
The second derivative of DRAM contract prices with respect to time has turned negative.
These are not the core questions.
AI is nowhere near over; it's only just getting started!
The valuation framework has not collapsed at all!
Any dip is a great opportunity to get in!