It doesn’t actually say that. However, it does indicate that the market is now questioning the future earnings potential of AI companies. In other words, the market has started to doubt whether data centers will be built at the scale that was hyped just a few weeks ago. What remains uncertain is where a new equilibrium for these expectations will be found. It is therefore possible that the decline will continue further. But even this isn’t certain. Personally, I think the stock becomes very interesting at price levels around 8–9 euros. However, it’s also possible that margin calls and such will start weighing on the market to the extent that the correction becomes “oversized.” This would be an ideal time to pick up these stocks again — time will tell. You should, however, keep an eye on the volume; in the US version, it has faded quite a bit, and the bears are currently in control as bull volume is nowhere to be found.
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