On July 16, Serenity said the decline in storage and AI-related stocks may be tied more to deleveraging pressure than to company-specific deterioration. The comment came after Micron Technology announced a long-term memory agreement with Qualcomm, yet Micron shares still fell 5.37% after the news was released. In Serenity’s view, that price action does not point to fresh problems within storage or AI names themselves, especially as multiple structural agreements continue to be put in place. Instead, the move may be more consistent with a late-stage unwind driven by leverage reduction and a chain of margin liquidations. The remarks frame the sell-off as a market-structure event rather than a direct reflection of weakening business fundamentals in the sector.
BlockBeats reported on July 16 that Serenity said declines in storage and AI-related stocks may have been driven by deleveraging and a chain of margin liquidations.
Serenity made the comment after Micron Technology announced a long-term memory agreement with Qualcomm earlier in the day. Despite that announcement, Micron shares still fell 5.37% after the news was released.
According to Serenity, with multiple structural agreements continuing to land, the latest weakness does not look like a sign that storage or AI stocks themselves are running into new problems. He said the drop is more likely tied to deleveraging and cascading margin liquidations nearing an end.
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