Fundamentals aren't useless. I built a whole fundamental analysis system using AI and read through every document. But for semiconductors a month ago, you’d notice that the fundamentals already priced in all the optimistic expectations for the coming years. It’s not just about beating expectations; you also need to raise them. At that point, fundamentals became irrelevant. That’s why a month ago, I said that talking about various data to justify market cap at that time wasn’t much different from shouting about $ETH being a human civilization-level innovation.