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The company’s CEO, Alex Karp, has publicly decried those who dare to question this ascent, labeling them “short-sellers” as if criticism were a crime. Yet, it is worth noting that Mr. Karp himself has, over the past three years, disposed of $2.2 billion worth of Palantir stock. While he retains a substantial holding – 6.4 million Class A shares, currently valued at approximately $832 million – the timing of these sales suggests a private assessment that diverges sharply from the prevailing market euphoria. To ignore this is to embrace a willful blindness.

It is in such times that the virtues of a diversified portfolio are most keenly appreciated. A prudent investor will always seek to complement more adventurous ventures with those of a steadier, more predictable nature. Companies engaged in the provision of everyday necessities, and possessing a consistent record of dividend distribution, offer a particular degree of comfort, and may be regarded as the very cornerstones of a well-ordered estate.

The Magnificent Seven, they call them. A pretty name for a bunch of companies that mostly just deliver what the public wants. Berkshire Hathaway, a solid citizen. Broadcom and Taiwan Semiconductor, building the future, one chip at a time. Eli Lilly, chasing miracles. And now, Walmart, the retail king. They all have something in common: they understand the customer. And the customer, let’s face it, is usually right, even when they’re wrong.

AMD projected around $9.8 billion in revenue for the first quarter, give or take a few hundred million – which, in the grand scheme of things, isn’t a vast sum, but then again, I’m not the one doing the accounting. There’s a seasonal dip happening, naturally. People tend to buy fewer computers after the holidays – a fact that seems intuitively obvious, yet still manages to surprise some analysts. But the real story isn’t in the usual suspects; it’s in the data centers.

The company carries a weight of expectation, a market value north of five billion dollars. A considerable sum. Yet, when you sift through the numbers, the last twelve months show a mere seven and a half million in sales. It’s like staking a claim on a gold mine and finding only dust. Investors are betting on a harvest years away, a yield that may never come. They’re pricing in dreams, and dreams, as any weathered farmer will tell you, are a fickle crop.

Fortunately, a lot can change in five years. Thus, long-term investors can probably shrug off its recent performance, given the high probability of earning long-term gains over the next five years. Here’s why.

They’ve been “upgrading” Ethereum. That’s what they call it. Upgrading. It used to be slow and expensive. Now it’s…slightly less slow and slightly less expensive. They’re bragging about gas fees being down to fifteen cents. Fifteen cents! Like that’s a significant improvement in the grand scheme of things. I remember when a stamp cost more than that. And it actually did something.