no high growth tech stock has traded at an average 16 P/E ratio for a decade except maybe Meta briefly dipping down there in 2022 and look at where the company is now (not just in terms of mcap and share price but actual earnings growth)
Has anyone looked at what the historical average 16 p/e would look like for big tech? ...once everyone realizes AI is a big scam, the share price on nvda, msft, googl, amzn, meta, avgo, mu, ....will all be CUT IN HALF.
I don't think anyone truly appreciates that.