Serenity: Storage and AI Stock Plunge May Be Due to Deleveraging and Margin Liquidation

BlockBeats News, July 16th, Serenity's post stated that Micron Technology announced today a long-term memory agreement with Qualcomm, but after the news was released, Micron's stock price still fell by 5.37%.

He believes that with multiple structural agreements being continuously reached, it does not seem like there is an issue with the storage or AI individual stocks themselves at the moment. The related decline is more likely due to deleveraging and the unwinding of margin long positions coming to an end.