Tech stocks had a rough trading day on November 1, but research firm Yorkville Ives is urging investors not to panic. According to analyst reports, over the past two weeks, the performance of hyperscale cloud service providers has validated the investment thesis for enterprise-grade AI infrastructure. "This takes patience; when the market is volatile, investors tend to sell off outperforming tech stocks," the analyst noted. The firm believes that the tech industry's overall valuation is not high, and its growth prospects for the coming years are "potentially stunning." It expects that next year, returns on AI investment will more clearly justify current capital expenditures—at which point investors will have an "epiphany."