Huo Xing Finance reports that on August 3, Dongfang Gangwan Chairman Dan Bin shared Morgan analyst insights this morning, stating that in July, the chip sector experienced a sharp decline accompanied by massive leveraged liquidations. However, within the broader AI cycle, such a correction is both inevitable and a sign of market health. The market has yet to fully grasp the infinite demand potential of AI as an "intelligent" product; concerns over giant capital expenditures echo early fears surrounding Amazon’s AWS, but the AI opportunity is far greater. Capital is flowing back from low-quality tech stocks to high-quality assets, validating the 2026 year-end prediction of a "comeback of the kings." Memory chips still face cyclical risks and high volatility; it is advisable to wait for technical recovery, with stronger confidence in NVIDIA, Broadcom, and TSMC due to their solid fundamentals, as capital will increasingly flow toward high-quality application-layer companies. On the other hand, hyperscale cloud providers are accelerating business growth, with large and rapidly expanding order backlogs—demonstrating that prior penalties on capital spending were misjudged, as these investments will translate into definite future revenues. Looking ahead to August, the Nasdaq’s rebound is expected to continue until NVIDIA’s earnings report; the tech sector’s rolling adjustment is nearing its end, with capital accelerating back into high-quality tech stocks. In terms of specific sector strategies, it is not advisable to chase highs in the chip and memory sectors at this time. However, investors may adopt a short-term swing strategy of buying on dips until the memory sector fully completes its technical bottom formation.
Dan Bin Cites Morgan Analyst: AI-Driven Nasdaq Rally to Continue in August
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Summary
Dan Bin, Chairman of Dongfang Gangwan, cited Morgan analyst views on August 3, 2026, noting that the July market correction was a healthy part of the AI cycle. The analyst compared current concerns about tech spending to early fears surrounding AWS, calling them misplaced. High-quality tech stocks such as NVIDIA, Broadcom, and TSMC are expected to attract increased capital, with the Nasdaq rally likely to continue ahead of NVIDIA’s earnings report. Altcoins to watch may also benefit from the broader market rally.
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