In early 2000s, MSFT was considered a safe company that can't go bankrupt

And it never did. But its share price dropped by more than 50% and it took more than a decade for the price to recover.

PE ratios of MSFT and most other tech stocks dropped to around 10-15 at the end of that decade.

https://d1-invdn-com.investing.com/content/picd2200facac7e51586b7c5d145d75b2f2.png

How can you guys be so sure the same scenario won't repeat again in 2026 and the upcoming years?