A combination of the stock price already having that expectation built in along with CHIPS intentionally funding domestic overcapacity that has its own maintena

A combination of the stock price already having that expectation built in along with CHIPS intentionally funding domestic overcapacity that has its own maintenance overhead. Chip demand is cyclical, which is why chip fabs aren't built to handle peak demand; it would be too expensive for the times when they aren't running at full production.