$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $APPLIED DIGITAL CORP(APLD)$ $SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ There's an interesting pattern forming that keeps reminding me of the summer 1998 dotcom melt-up. Back then, dotcom stocks were booming and took a huge correction in summer 1998, with a major fund, Long Term Capital Management, blowing up. Almost 30 years later, we have an AI boom, a big pullback this summer, and now a major fund, Situational Awareness, has blown up. The similarities between the two periods are striking. What followed back then was a parabolic move up over 18 months into March 2000. I think we could see a similar parabolic move up this time, lasting somewhere between 6 and 18 months.
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