Quote:
Originally Posted by DoubleK
Way over.
Surely they will run out of incremental buyers at some point???
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This is still, I think, a cyclical business. It's just right now a huge secular growth spurt is underlying that. But once your market cap is at a few trillion, if you hit a cyclical decline and the market decides its worth a cyclical multiple look out below. But I have no idea when or at what point that happens - so it could be the market cap drops from $5T to $3T in 2026...