Growth stocks don't move in straight lines... they reprice violently.
It's normal for high-beta names to drop 30–50%+ multiple times in a cycle for reasons that feel "overdone" in the moment.
But over time, price tends to follow one thing more than anything else: free cash flow per share.
$Palantir Technologies Inc.(PLTR)$ is the latest example of that kind of volatility in my portfolio—strong underlying business, but still subject to sharp sentiment swings.
$Advanced Micro Devices(AMD)$ has done the exact same thing over and over in prior cycles... shakeouts that felt brutal at the time, before ultimately compounding into a major winner.
Not every drawdown is a breakdown. Sometimes it's just the market resetting expectations before the next leg up.
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