In recent days, the semiconductor and storage sectors have seen a sharp pullback. The sea of green on the screen has kept many friends up all night. A lot of friends have asked me, “Has AI peaked?” “Storage stocks are down so badly—has the logic broken? Should we cut our losses and run?”

First, let me be clear about my judgment: the recent selloff is, in essence, a “washout” after extremely crowded trading, not a collapse of the fundamentals. The market is full of macro negative headlines like South Korea deleveraging, non-farm payroll data, and expectations of rate hikes—but these are just excuses. The real reason is that the stocks rose too fast earlier, leaving too many profit-taking holders. The main capital, riding on macro headlines, uses the downturn to shake out the uncommitted shares.
$SKHYV #夏日创作营