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Over 12 months, the company has increased its gross margin from 53.4% to 72.8% and cut its operating expenses by 24.1% -- sending second-quarter operating income up by over 1,800% to $9.18 million.

AI and semiconductor stocks are richly valued, while a couple of the leading cryptocurrencies are just starting to pick up steam.

Some of the top holdings in the First Trust Nasdaq Cybersecurity ETF are trading at unsustainably high valuations.