The (https://www.marketwatch.com/story/yes-the-ai-stock-selloff-looks-terrifying-but-it-might-actually-save-the-bull-market-3bef59be?mod=mw_rss_topstories) gets framed as 'clearing excess' — but what's actually happening is Wall Street giving permission to hold after a drawdown, not signaling that valuations are fixed. NVDA's net margin sits at , META at , AAPL at — these are not beaten-down ratios needing rescue, they're the REASON the rally went too far.

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