Many people say that meme coin speculation is like a tree without roots. In fact, the current value investing in U.S. stocks has long departed from the classic meaning of "value" and is purely based on performance expectations (note that this performance is essentially unrelated to investors, and merely drives stock price growth) and narratives of business growth.

In the past five years, the average annual dividend yield of the S&P 500 stocks has been only about 1.6%, while the MAG7 has basically not paid any dividends, and converting the amount spent on share buybacks for MAG7 into dividends only reaches an average level of 1.6%.

It would not be an exaggeration to call them a kind of "air stock," as people mainly rely on stock price growth to gain returns from investing in them. 76377.6K