[latchkey]

Cerebras is a good example here. Largest IPO of 2026 and as of Friday, down 33% from their top and about $15 away from their initial price.

CFO was at Bird (a SPAC flop) and CEO was previously charged by the SEC with a felony... for cooking the books.

Everyone wants you to believe that a giant wafer is the future (and soon enough layers of wafers), but a P/E of $500, just doesn't make sense for a company selling AI fast tokens.

Especially with a whole bunch of other solutions just waiting for tapout and competing with everyone else for more and more memory allocations to be able to hold the models.

[galactushonor]

How much new software does the world need in perpetuity?

Do we need that software so fast? We are able to manage our complex world just fine with support people answering questions within next 48 hours.

[gymbeaux]

(P/E ratios aren’t expressed in dollars)

So a PE of 500 means it would take 500 years for the earnings of the company to equal the current market cap (price per share X number of shares). This implies absurd (almost certainly impossible) growth over the next 500 years. Of course anyone expecting to pull their investment out and spend it on retirement can’t be looking at a 500-year investment horizon. I suppose the 1% can, though. What the hell else are they going to spend their cash on?

[latchkey]

Yea, sorry... didn't mean to include the $... my mistake.