[Linde's post-earnings slide](https://www.cnbc.com/2026/07/31/lindes-post-earnings-slide-is-a-buying-opportunity-heres-why-.html) is being framed as a gift. It's not. Yes, the stock is down. But "worst day in a year" doesn't mean "best entry in a year"—it means the market finally priced in what the numbers have been screaming: semiconductor fab utilization is cracking, and industrial gas demand follows capex, not revenue announcements.

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