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BUILDOUT is Reserve's basket for broad AI hardware exposure, here's what's actually inside
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AI isn't a bubble, this nonsense needs to stop. MU has a forward PE of 6.29, SNDK is 7.55, AVGO is ~19, NVDA is ~24. Does that really sound like a bubble to you? Memory especially is being proced like the industry completely disappears in 2 years.... It won't. AI assistants are just the beginning. Robotics, EVs, satellites, drones... these things all need massive amounts of compute/memory. The demand won't slow. Even if supply starts to catch up that's not a bubble, that's normalization.