In 2022, the U.S. stock market also declined for several months in a row. The reason at the time was interest rate hikes. But what happened afterward? In 2023, the Nasdaq rose by 43%. Those who bought in that year are now reluctant to talk about how scared they were back then. It’s not to say that now is the bottom. Oil prices are still rising, interest rate expectations are still changing, and there are no signs that the war has ended. But one fact is worth remembering: in Q1 2026, the AI industry will accomplish more than it did throughout all of 2025.