Serenity Responds to AI Stock Rout: Portfolio Has Retraced 49% in a Single Month, But Long-Term Thesis Remains Unchanged

"White-haired Stock God" Serenity posted on X, stating that due to the recent market downturn, his portfolio experienced a maximum drawdown of 49.4% this month. However, he maintains his long-term view on the AI industry chain.

Serenity revealed that his investment portfolio is mainly concentrated in key segments of the AI industry chain, including: semiconductor upstream, memory chips, photonics technology, humanoid robotics, and AI infrastructure-related companies. Because these sectors typically have higher beta characteristics, he previously used leverage in his investments but has reduced leverage levels after the recent market decline.

Facing market skepticism towards AI-related assets, Serenity noted that recently, a large number of investors have started to believe: "AI is a bubble," "memory chips and the Korean KOSPI market are bubbles," "photonics technology is a bubble,"

"humanoid robots won't succeed," and "Neocloud providers will eventually be replaced by hyperscale cloud providers like Meta." Meanwhile, some retail investors and trading bots have even started calling for "liquidating everything, the market won't recover."

Serenity stated that he still believes these investment themes are supported by structural revenue growth and technological change. He mentioned that during past instances when global tariff risks shocked the market, he experienced similar drawdowns, and the market ultimately rebounded. His investment horizon is long-term, allowing him to withstand higher volatility, and he will not change his long-term judgment based on short-term price fluctuations. He shared the drawdown data to maintain transparency and let the market see the real risks behind high-volatility growth investing.

Serenity added: "If my prediction is that revenue inflection will come in the second half of 2027, and it's only 2026 now, then a decline lasting just a few weeks or months does not prove that the investment thesis has failed."