Current valuations at 75.8x P/E and 35.5x forward P/E assume sustained favorable pricing into 2027, leaving limited margin for error if enterprise spending slows or capacity additions accelerate

"Today's valuation showing a price-to-earnings (P/E) ratio of 75.8 times and a forward P/E of 35.5 times assumes current pricing remains favorable well into 2027. Any slowdown in enterprise spending or faster-than-expected capacity additions could pressure both margins and earnings."