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Serenity: The decline in AI and storage stocks is due to deleveraging and a cascade of margin liquidations.
BlockBeats news, July 16: Serenity posted that Micron Technology today announced it has signed a long-term memory agreement with Qualcomm. But after the news was released, Micron’s stock price still fell 5.37%.
He believes that, as multiple structural agreements continue to roll out, the current situation does not seem to indicate any problem with storage or AI stocks themselves. The related decline is more likely due to de-leveraging and margin-linked liquidation, which is entering its final stage.