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Serenity says investors are selling AI supply-chain assets indiscriminately

NewsFeeds update

Investor Serenity (@aleabitoreddit) said deleveraging is severe and investors are indiscriminately selling AI supply-chain stocks, some back to pre-order levels. Serenity cited memory chip maker ESMT, worth about $2bn, with $526m gross profit and $330m net profit in the third quarter, putting its annualised price-to-earnings ratio at about 1.6 times.

AIChainCatcherAIBearish

Read the original on ChainCatcher

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.