Chinese investor Dan Bin, chairman of Oriental Harbor, said on July 16 that the recent decline in the storage sector appears to be close to a staged bottom, based on his reading of market sentiment. He said continued weakness in leading Chinese AI storage names overseas had dragged A-shares lower as well, but argued that the long-term demand case for the AI industry remains intact.
According to Dan, the recent move looks like a normal correction after a strong run rather than a sign of systemic risk for AI-related companies. He said stocks with strong earnings visibility are likely to recover gradually after short-term sentiment clears. He also pointed to a key variable for investors: whether corporate profit growth can continue, and for how many years.
Dan added that companies avoiding leverage and maintaining sustained profit growth should be able to get through the current phase. He also said that all of his own capital has been committed alongside Oriental Harbor funds.
BlockBeats reported on July 16 that well-known investor Dan Bin, chairman of Oriental Harbor, commented on the decline in the storage sector, saying that, based purely on market feel, the latest correction is basically close to a staged bottom.
Dan said continued pullbacks in leading Chinese AI storage companies listed overseas had weighed on A-shares as well, but the long-term demand logic behind the AI industry has not changed. After short-term sentiment is released, names with strong earnings certainty should gradually recover, he said.
He added that he does not believe companies tied to the artificial intelligence theme currently face the possibility of systemic risk, calling the move a normal correction after strong gains. In his view, the key question is whether profit growth can continue and how many years it can last.
Dan also said companies that do not use leverage and can sustain profit growth will be able to get through the current period. He added that all of his own funds have been invested alongside Oriental Harbor funds.
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