IGV Commentator
QQQM Diamond HolderI've been thinking about this issue for the past few days.
Simply put, I think the market's current expectations for the hardware side are significantly higher than for the application side, but this is a mismatch. Mismatches always end one day because the application side can't keep losing money to subsidize the hardware side indefinitely.
How long this "long term" mentioned above actually lasts determines everything. Before this "long term" completely ends, if the application side genuinely makes money through AI, then it's a win-win for everyone; if not, I still think that, based on the current pricing of the application side, it has a much larger margin of safety compared to the hardware side.
However, since I'm currently fully loaded with trapped software stocks $ServiceNow(NOW.US)$Adobe(ADBE.US)$Veeva Systems -CL(VEEV.US), with these three being the worst, I've been afraid that this line of thinking might just be wishful thinking on my part 🤔🙂↔️
If chip productivity doesn't ultimately find real-world applications, it's just a bubble. If you believe production capacity isn't a bubble, then the application side must pick up. The question now is: do we keep chasing productivity, or do we refocus on the application side?
Or do you firmly believe it's all a bubble and then run for the hills?
I don't know. I'm curious about everyone's choice.
$AMD(AMD.US)
$Microsoft(MSFT.US)
$State Street® Bridgewater®AllWeather®ETF(ALLW.US)
各位怎么看
Single Choice
- 追高热门29%
- 回补冷门44%
- 逃顶逃命26%
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