#Gate上线台股交易 #Gate股票畅聊季 Compared with the Asian AI supply chain, I’m more bullish on leading US tech stocks. Opportunities in the Asian AI supply chain are very real, but its orders depend on overseas giants, making it more vulnerable to budget cuts.

US market leaders — cash flow first
Advantages: Microsoft, Google, and Amazon have cloud and advertising revenue to fund their own AI investments.
Risks: Meta’s free cash flow is expected to be negative by $22 billion in 2026, and S&P has lowered its rating outlook.
What to watch: Nvidia’s earnings guidance in mid-to-late November will determine whether this round of AI investment can continue.

Asian supply chain — orders first
Advantages: AI-related industries in the A-share market posted strong profit growth in the first three quarters, and InnoLight’s customer orders are booked through 2027.
Risks: If overseas giants slow data center construction, memory and optical modules will be among the first segments under pressure.
What to watch: Anthropic’s valuation when it goes public will directly affect upstream suppliers’ order expectations.

My trading strategy
Buy in stages; don’t chase prices. The Nasdaq 100 fell about 6.65% in October, already absorbing some of the valuation.
For US stocks, choose companies with strong cloud businesses and stable cash flow; for Asia, choose companies with visible orders and high gross margins.
Diversify positions across both markets, keeping exposure on either side within a tolerable range.

⚠️ The above is only a market observation and does not constitute investment advice.

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#SK海力士跌近7% #美股财报季 The decline in storage and AI chip stocks this time was mainly due to profit-taking after a strong rally, prompted by the U.S. midterm election results. Storage demand itself has not noticeably weakened; the market is reassessing the pace of AI data center construction.
On November 5, SK Hynix fell about 6.7%, while Samsung Electronics also dropped nearly 6%.
Why it looks more like profit-taking
Big gains and crowded positioning: SK Hynix and Samsung were the stocks with the largest net foreign selling this year, as investors rebalanced their portfolios.
Orders are still there: SK Hynix said its DRAM and HBM capacity is nearly sold out through 2029.
The shortage isn’t over: The industry expects the memory shortage to continue until around 2030.
What the market is reassessing
Data center approvals may tighten: After Democrats won both chambers, Goldman Sachs estimated that about 45% of new capacity could be affected.
New projects may be delayed: Rising grid costs and stricter approvals could slow cloud providers’ expansions.
Returns on AI investment questioned: Tech giants are issuing debt to fund AI, making some investors worry they won’t earn that money back.
So for now, it’s “valuation comes down first,” not “the AI storage thesis is broken.”
The main things to watch next are whether U.S. data center investment really slows and whether HBM orders can keep capacity fully utilized.#WCTCS9 $SK Hynix ‌