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AI Stocks Continue to Slide, Brokerages and KOLs Intensely Betting on Buying the Dip This Week
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BlockBeats News, July 29th. Recently, AI stocks have been continuing to decline, with several leading AI stocks like SK Hynix experiencing a sharp drop. In response, domestic and foreign brokerages and KOLs are actively betting on buying the dip this week.

Chairman of Oriental Harbor, But Bin, publicly stated on Snowball today, "When there is a big drop, you must dare to buy! Just used up all the remaining ammo."

Renowned investor Duan Yongping posted the actual transaction of SpaceX puts last Friday, which the market generally believes to be his typical "potential delivery" operation.

Furthermore, regarding the Korean stock market, Morgan Stanley, JPMorgan, Citigroup, Nomura, and other brokerages unanimously agreed that the market "is close to the bottom," "leverage liquidation is nearing its end," the current market correction is a technical one rather than a fundamental reversal, and they maintain a bullish view on the KOSPI index.

Tom Lee, well-known in the crypto circle, expressed a similar view stating that the pullback of SK Hynix and Samsung is a forced deleveraging, weak hands have been shaken out, and we are nearing the bottom. AI has been under industrial-level development for many years, so all such pullbacks are "buying opportunities."

In the U.S. stock market, there are also many "buying the dip" voices. Most analysts believe that the Mag7 overall valuation is at a low point relative to the S&P in over a decade. They recommend buying the dip in Nvidia, Microsoft, Meta, Alphabet, Broadcom, Amazon, among others.

BlockBeats believes that the market is full of uncertainty, and investors need to take responsibility for their funds and decisions. In the current extreme market conditions, it is advisable to use leverage cautiously and maintain rational investment.

Источник: BlockBeats

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