Valuations haven't mattered in a long time. If it can't fall, which it absolutely can't then it will just keep getting bid higher. Look at today again, they rush in to buy every dip. It's a V machine and that is never ending.
If you really believed that, you would show yourself placing stop-less trades in the thing. But you do not do that, which means you are a blowhard with a dubious purpose here.
I don't need to show anything to prove to a random person on the internet. I don't have an agenda. I'm just here to talk about the reality that this market will never stay down or have any type of real correction no matter what. Look at today. Same story, same V. Market can't be defeated no matter what. Nothing matters. It will be back at ATH.
Last 4 trading days are just a sample of what happens when tech fails and nvda sinks along with the rest of the semis and ai hypes.... markets have zero progress without tech.
When SMCI hit $510 the CEO increased guidance 40% so it has a decent value of $700. Unless NVDA tanks tomorrow it probably goes back up towards $1078. In the $310 to $1078 run it seemed to be leveraged 3:1 to NVDA's stock. It closed today in the after hours at $799 but things can change quickly in the morning.
Complete opposite. It drops a little and then always gets saved with some magical V. This market is unbelievable. Literally every time it's on the verge of dropping gets saved and instantly just explodes higher and is back in no time. Just proves that this will never have another meaningful down move ever What's the best we can get 2-3% then an instant rocket ship. I mean come-on, this thing is never having another meaningful down move ever again.
SMCI is an OK company that has been just pumped beyond reality, but this market is committed to never dropping ever. Even a few days an then instant V. I just don't see how this ever stops. Every time it's even red is a complete miracle and a gift of a lifetime and so unsustainable.