BlockBeats news, July 29: Recently, AI stocks have continued to decline, with several leading AI stocks, including SK Hynix, dropping by more than half in a short period. In response, domestic and international brokerages and KOLs have heavily bet on buying the dip this week.
Dong Fang Gangwan Chairman Dan Bin stated publicly on Xueqiu today: "When there's a sharp decline, you must have the courage to buy! I've just used up all my remaining ammunition."
Renowned investor Duan Yongping posted real-time trades of SpaceX puts last Friday, which the market generally views as his typical "potential buyer" move.
Additionally, for the Korean stock market, major brokerages including Morgan Stanley, JPMorgan Chase, Citigroup, and Nomura have unanimously concluded that the market has "approached its bottom" and that "leveraged deleveraging is nearing completion." They view the current market as a technical correction rather than a fundamental reversal and maintain their high target prices for the KOSPI index.
Tom Lee, well-known in the crypto space, expressed a similar view, stating that the pullbacks by SK Hynix and Samsung represent forced deleveraging, with weak hands already cleaned out, nearing the bottom. AI is the result of years of industrial-grade development, and all such pullbacks are “buyable.”
There is also no shortage of "buy the dip" sentiment in the U.S. stock market, with most analysts noting that the overall valuation of the Mag7 relative to the S&P is at a decade-low. Recommendations include buying Nvidia, Microsoft, Meta, Alphabet, Broadcom, and Amazon on dips.
BlockBeats believes that the market is unpredictable, and investors must take responsibility for their funds and decisions. In the current extreme market conditions, it is advised to use leverage tools cautiously and maintain rational investing.