Experienced a 10% decline as part of a semiconductor downturn.

Shift toward 1-to-1 CPU to GPU ratio in data centers expands TAM; targeting $250+ if post-earnings lows hold.

Described as being in a parabolic state during the current AI euphoria.

Part of the AI chip supercycle group showing market resilience.

High year-to-date gains lead to a cautious outlook despite recent price dips.

Stock was overextended trading at 70x sales before the recent pullback.

Reached a high valuation of 70 price-to-sales, contributing to sector-wide caution.

Seeing profit-taking due to high price-to-sales ratios compared to other semiconductor names.

Identified as a key momentum name within the semiconductor sector.

Revitalized demand for traditional processors due to agentic AI workloads.