This Isn’t 2000. It’s 1998.
“This is 2000 all over again.” 🙄
Respectfully, no.
In 2000 the froth WAS the market. Pre-revenue. No earnings. Priced on eyeballs.
In 2026 the froth is one tier. Underneath it sit some of the cheapest cash machines on the tape.
The receipts:
💾 $MU 4.2x forward. Revenue +379% Q/Q.
💾 $SNDK 4.0x. Revenue +378% Q/Q.
💾 $SKHY 3.0x. $KXIAY 3.9x.
Pets.com never had a sold-out year. Samsung’s 2027 HBM already is.
If you want a dot com analog, it’s 1998. A leverage flush, not a demand collapse. The Nasdaq ran 272% off that October low.
👀 MY WATCH LIST for the 1999 leg:
💡 $AAOI $COHR $CRDO $MRVL $LITE
💾 $MU $SNDK $SKHY $KXIAY
⚡ $CEG $VST $GEV $VRT $BE
⛏️ $IREN $WULF $CIFR
The bubble callers were early in 1998 too. They were also broke by 1999. 😎
Not FA. DYOR.
Originally posted on X by Rosanna Prestia, MBA (@RosannaInvests): https://x.com/RosannaInvests/status/2117769796557459464
