Here are the P/E ratios of a few high-tech companies :
Very High Risk-- AMD: 468.31; AMZN: 320.55; NVDA: 242.96
High Risk-- TSLA: 75.64; NFLX: 45.27
Reasonable-- META: 38.97; MSFT: 34.94; ASML: 34.82; AAPL: 33.27; GOOG: 29.12
In the environment of high interest rate, not much is needed to reverse the current trend, a triggering event can happen any day. When that happens, puff... there goes the high evaluation.
(Playing with fire - AMD, AMZN, NVDA)
YMYD