Dan Bin's Overseas Fund Adjusts Positions: Trimmed Storage and Some Intel Before the Selloff, Added to META, SpaceX, and Amazon

BlockBeats news, November 6 - Before today's (Thursday) US stock market plunge, Dongfang Harbor Fund Chairman Dan Bin disclosed on social media that its overseas fund reduced its storage position by 10% and Intel by 3%, while increasing its position in META, with the remaining nearly 10% Intel position unchanged. Meanwhile, funds recouped through a two-times high sell strategy will no longer be reinvested in hardware, but instead shifted to increase positions in application directions, adding to SpaceX (SPCX) and Amazon; the overseas fund also continues to hold SK Hynix. In addition, about 10% of the product scale, due to contract restrictions, can only invest in A-shares and Hong Kong stocks, and after heavily positioning in the AI industry chain, it has experienced significant drawdowns.

Dan Bin stated that he remains optimistic about the overall direction of artificial intelligence, including related industry chain companies in A-shares and Hong Kong stocks, but admitted that he did not expect such a severe decline, hoping that the current position is a low point and a return to the AI bull market pattern. He also mentioned that with the Democratic Party controlling both chambers, environmental reviews for data centers, water use, and grid approvals may tighten, slowing the addition of new computing power supply, which would be more favorable for cloud giants like Google, Amazon, and Microsoft that have already locked in land, power, racks, and GPU resources; short-term high capital expenditures may suppress free cash flow, but if industry-wide capital expenditures are forced to be restrained, pricing power could strengthen and cash flow is expected to recover.