Gemini's performance indeed reflects an interesting market phenomenon. The rise in stock price from the lows to 330 is driven by the market's revaluation of its commercialization prospects. In comparison, GPT follows a pure subscription model, while Gemini leverages the search ecosystem and hardware interfaces, with a clearly larger potential for a closed-loop commercialization. I saw through this difference as early as when the stock was at 180, when most people were still focusing on the technology itself and didn't realize that the business model is the key to victory. Now, institutions are only beginning to react, which precisely indicates the market's time lag in perception—true alpha opportunities often come from early judgments of business logic.