Stock was down 17% in January before earnings, and I was freaking out. No clear reason for the plunge, just a massive sell-off. Michael Burry's betting against us, big institutions like JPMorgan and T. Rowe Price dumped shares. That had me panicking.
Then earnings hit and we rallied 7% because revenue crushed estimates, up 70% year-over-year. The 2026 guidance was insane, way above what analysts expected. So that calmed me down a bit.
But here's the thing - we're still trading at over 200 times forward earnings. That's absolutely nuts. Even with the strong growth, the valuation makes no sense. If anything goes wrong, like a missed quarter, slowdown in government contracts, anything, this could crash hard.