To The Moon

Adjusts my contact lens  nervously[Cry] 

Oh my goodness, can we talk about what's happening with our beloved AI stocks? I'm absolutely flabbergasted! 😱

Picture this: little $Credo Technology Group Holding Ltd(CRDO)$   comes skipping along with the MOST AMAZING earnings report ever! They're like, "Look at me! My earnings jumped 525% year over year!" does happy dance Their sales? Up a whopping 154% to $135 million! They crushed analyst expectations like they were nothing!

And what did investors do? dramatic pause

They GHOSTED them! 👻 Can you believe it? Credo's stock dropped 14% to close at 46.73. I nearly spilled my coffee when I saw it!

Our sweet little San Jose company even forecast $160 million for next quarter—that's 163% growth year-over-year, people! And the market just... mimics falling motion with hands and sad whistle sound

It breaks my heart to say this, but this isn't just a Credo problem. All our AI darlings are suffering:

$NVIDIA Corp(NVDA)$  down 13% (my poor baby!)

$Broadcom(AVGO)$  17% (ouch!)

$Marvell Technology(MRVL)$  18% (I can't look!)

$Astera Labs, Inc.(ALAB)$  down a skull-crushing 48% (somebody hold me!)

Vertive down nearly 23% (make it stop!)

Jordan Klein from Mizuho Securities called it "the busted AI trade," which is putting it mildly! But listen—Klein hasn't lost faith! They're predicting a comeback in the second half of 2025, and honestly? I'm clinging to that prediction like it's the last life raft on the Titanic! 🚢

The road ahead looks bumpy with Marvell and Broadcom earnings coming up. As Klein so perfectly put it, funds are just ITCHING for any excuse to dump these stocks right now. It's like watching your favorite TV show get canceled despite amazing ratings!

Stacy Rasgon over at Bernstein says our precious AI infrastructure stocks are being "battered by a storm" of fears and risks. But don't give up! Rasgon thinks worries about the AI trade being "over" are premature, and valuations are looking tastier by the day!

So here's my heartfelt plea to you all: yes, we're in a cooling period that feels like getting left on read after sending your best text. But if you have patience and vision—and maybe a stress ball or two—there's still so much potential here!

Places hand over heart

The AI story isn't over, my friends. It's just facing a plot twist! 💫

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