Dan Bin: The storage sector in this round of pullback is basically close to a temporary bottom, and the long-term demand logic for the AI industry has not wavered

BlockBeats News, July 16: A well-known investor and chairman of Orient Harbor, Dan Bin, posted to comment on the decline in the storage sector, saying it is purely based on market feel, and that this round of pullback in the storage sector is basically close to the stage bottom. China’s overseas AI storage leader continues to decline, dragging A-shares down in sync, but the long-term demand logic for the AI industry has not wavered. After short-term emotion is vented, stocks with strong earnings certainty will gradually recover.

Dan Bin added that he does not believe there is any possibility of systemic risk for companies in the artificial intelligence direction at this time—it's simply that prices have risen too much and a normal correction is all it is. The key is whether corporate profit growth can be sustained—sustained for years. That is the most important. Also, without leverage, companies with continuous profit growth can get through this phase.

Dan Bin also said that all of his own funds have been fully committed to Orient Harbor Fund for co-investment.