$Trade Desk(TTD.US) dipped slightly. There's not much independent news for this large-cap programmatic advertising stock; it just followed the broader market down a bit. The pace of advertising demand recovery and privacy policies (Cookie deprecation, CTV share) are its core medium-term variables, but short-term stock price is more influenced by macro sentiment. At this current level, should we hold it as a core position for the advertising cycle recovery, or wait for next quarter's revenue growth confirmation before jumping in? Leaning more towards waiting for confirmation—the high valuation of programmatic advertising requires sustained growth delivery to support it. The sideways consolidation period before earnings reports is usually not a good entry point; it's more risk-controlled to wait for the data to land.