Recently, the valuations of tech companies in the US stock market have fallen below those of traditional industries like Walmart, McDonald's, and Costco. However, the profits, growth, profit margins, and free cash flow of these tech giants far surpass those of traditional industries.

The current market is overly pessimistic about the software industry, big tech, and artificial intelligence. When the market reacts, big tech will experience another surge.
Last year, Google's valuation was even lower than Nike's, which was the best opportunity to build positions at that time.