Literally the worst thing you can make a purchase based on

But it’s down 60% from it’s high last year.

Yeah that means nothing. That means too much money went into that market too fast and drove prices out of whack. If you’re buying because a stock dropped a lot and it’s gotta go back to that number you’re gonna get crushed. Maybe 20% of them will get back. Valuation matters and 20 P/E used to be the sell point for tech being overpriced for about 25 years until 2020.