The Stock Is Down 51.1% Going Into the Fourth Quarter

The United States is putting regulations on any type of AI chip exports to China and so applied is saying that the new regulations will reduce its fourth quarter net sales by approximately 400 million dollars. Any company around the world that uses any software or tools from the United States will be restricted a year from now from providing chips and any type of services when it relates to AI in China. The question becomes what's your time frame and how much more downside do you really think is left I wouldn't call a bottom here but this stock is being de-risked it's in that process of being de- risked right now.