I can't see how the stock is highly inflated with a P/E of 20 and expected +100% year over year quarterly results expected in a few days. Normally companies doubling their revenue or profit (not sure which is what the expectation is here) are priced rather higher. A P/E of 20 is what I would expect for Coca-Cola, since it is going to grow at about population rate, since about everyone who wants to drink a Coca-Cola product is already doing so. (KO is currently 28, which I think is high, probably from people rotating out of tech)

Feels like the pop would start with companies like OpenAI and Anthropic.