/biz/ - Business & Finance

>>57619876
Yes yes thanks for the reminder. It was ridiculously overvalued in 2021 but now? Every expert out there completely underestimated how big the AI business would become. They have been forced to re-adjust and then re-re-adjust their estimates regarding revenue from AI.
For now, there is no competition. NVDA is just miles ahead and everybody wants a piece of that huge ass. But who knows, maybe they'll hit a snag and at that point we could easily see a tumble.
Also, we are nearing pretty damn overbought territory. I give it another 10% upside for the index and then we fall. The natural ebb and flow

Bank of America and their stats show decreasing cash levels... i.e., investors are putting more and more money into the market. Sentiment has also turned giga bullish and fears of recession are gone.
They also show that longing the MAG7 and US tech is the single most popular strategy by far (61%). Second is shorting China.
Gonna post more in a sec.
I mean fuckin hell this market is just insane. The market has basically been overbought for more than 3 months.
Some companies are being traded at ATH despite their revenue falling hard... wtf? I can understand stocks like MSFT, NVDA, SMCI trading at high valuations but some just don't make any sense. How can you be at ATH when your growth has gone down? When your revenue has gone down? When you slashed divvies?