BlockBeats News, July 16th: Renowned investor and Chairman of Oriental Harbor Don Bin commented on the storage sector's decline, purely based on market sentiment. The recent correction in the storage sector has essentially approached a phase-wise bottom. The continuous pullback of the leading overseas AI storage giant has led to a simultaneous weakening of the A-share market. However, the long-term demand logic of the AI industry remains unchanged. After the short-term emotional release, targets with strong earnings certainty will gradually recover.

Don Bin further stated that he does not believe there is a systemic risk for AI companies at the moment; they have just risen too much and are undergoing a normal adjustment. The key is whether the enterprise's profit growth can continue and for how many years, which is the most important. In addition, unleveraged companies with continuous profit growth can survive this current stage.

Don Bin also mentioned that his own funds have all been invested in Oriental Harbor Fund for follow-up investment.