Micron Technology's stock fell 5.37% following the announcement of a long-term memory supply agreement with Qualcomm. Despite the unexpected market reaction, Serenity, known as the "White-Haired Stock God," suggests that the decline is due to market deleveraging rather than a deterioration in demand for AI and memory-related stocks.
Serenity emphasizes that the AI industry continues to secure future demand through long-term supply agreements, indicating no fundamental weakness in the sector. The recent market correction is attributed to margin pressures and capital flow adjustments, rather than a shift in the long-term growth prospects of the AI and memory industries.
Micron's Stock Drops Despite Long-Term Deal with Qualcomm
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