🔥The most brutal correction! The biggest crash since ChatGPT, is the AI storage myth now a buying opportunity?
What was bound to happen has happened. The AI storage chip sector, once claimed to always rise, has been cut in half from its peak...
From a peak increase of 1202% in June, it has plummeted to 540%, losing half of its gains. This is the deepest and harshest major correction since the launch of ChatGPT!
Look at this brutal contrast. Although looking over a longer period, since the end of 2022, these storage stocks have still risen more than 5 times, the sharp drawdown below is glaringly painful.
From a 12-fold surge to a halving, the rollercoaster of storage stocks tells us: even in the hottest AI sector, don’t catch the last wave when emotions are at their peak.
However, after the emotional venting, we need to look at some positive aspects.
A 51% drop means that a large part of the previous huge bubble has been squeezed out, and prices are gradually returning to value $BTC
The previous correction was 44%, this time it’s 51%. Not saying it’s hit the bottom, but after such a big drop, the probability of a rebound is indeed increasing.
For those seeking stability, you can consider positioning in big tech like Google, which has corrected significantly, while aggressive investors can look at Intel and some semiconductor ETFs.
As for leveraged ETFs like SOXL, I think the risk is still a bit high; it’s best to focus on big tech, especially Google, whose business is stable and whose trend can be referenced by the previously oversold Microsoft.
We shouldn’t be too greedy; a decent rebound is already quite good. Enter gradually in batches and diversify risk
What was bound to happen has happened. The AI storage chip sector, once claimed to always rise, has been cut in half from its peak...
From a peak increase of 1202% in June, it has plummeted to 540%, losing half of its gains. This is the deepest and harshest major correction since the launch of ChatGPT!
Look at this brutal contrast. Although looking over a longer period, since the end of 2022, these storage stocks have still risen more than 5 times, the sharp drawdown below is glaringly painful.
From a 12-fold surge to a halving, the rollercoaster of storage stocks tells us: even in the hottest AI sector, don’t catch the last wave when emotions are at their peak.
However, after the emotional venting, we need to look at some positive aspects.
A 51% drop means that a large part of the previous huge bubble has been squeezed out, and prices are gradually returning to value $BTC
The previous correction was 44%, this time it’s 51%. Not saying it’s hit the bottom, but after such a big drop, the probability of a rebound is indeed increasing.
For those seeking stability, you can consider positioning in big tech like Google, which has corrected significantly, while aggressive investors can look at Intel and some semiconductor ETFs.
As for leveraged ETFs like SOXL, I think the risk is still a bit high; it’s best to focus on big tech, especially Google, whose business is stable and whose trend can be referenced by the previously oversold Microsoft.
We shouldn’t be too greedy; a decent rebound is already quite good. Enter gradually in batches and diversify risk
