Nvidia, Micron, and SK Hynix, after their rebound, continued their downward trend, testing new lows! The Nasdaq has rebounded to the neckline of its double-top pattern, and will likely continue to fall! The underlying logic of this round of AI narratives has completely changed: Previously, simply telling a story about computing power was enough to raise money. Now, the market is repricing: Can revenue and expenditure balance out? Where is the cash flow? How to generate profit? The era of empty promises is over. Next, the books will be checked. Nvidia is in even worse shape!