@chipperchipmunk
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Those who still focus on fundamentals are just too naive. The domestic chip stock "Cambrian" exploded and hit the upper limit last week, with its market value exceeding 520 billion yuan. Its revenue in the first quarter was only 1.1 billion, compared with the US stock "Intel" with a market value of 108.5 billion US dollars and 12.8 billion in the second quarter. In other words, Cambrian's revenue is less than one thousandth of Intel's, but it has 70% of the market value. If it hits the upper limit twice more, it will surpass the price-earnings ratio of more than 4,100 times, which means it will take 4,000 years of profit to justify the stock price. This is far beyond what value investment can explain. Back to the crypto, it's the same. There are people who are bearish on Meme and Shanzhai based on fundamentals every day. I don't know what they are doing, performance art?
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