They are worth what the market decides they are worth. Plenty of stocks are doing terribly this year Atlassian, Lucid, PayPal, Okta all down over 50%, Netflix

They are worth what the market decides they are worth. Plenty of stocks are doing terribly this year Atlassian, Lucid, PayPal, Okta all down over 50%, Netflix down 69%, AMD, eBay, Cisco, Tesla, Zoom, NVidia are all down 30%-40% as a few examples. Some are rubbish and will end up worthless, others won't be.