STOCKS | Serenity Says Memory and AI Shares Face Deleveraging Pressure

Serenity said Micron announced a long-term memory supply agreement with Qualcomm on Tuesday, but Micron shares fell 5.37% after the news. According to Odaily, Serenity said memory and AI-related stocks have not shown clear signs of fundamental deterioration as AI supply-chain companies continue signing long-term agreements to secure future demand. He said the recent sector pullback is more likely the result of market deleveraging and a chain reaction from margin pressure, rather than a reversal in AI demand or storage industry trends. Serenity added that as AI infrastructure development continues, upstream and downstream companies are using long-term agreements to strengthen supply security, while short-term market volatility may reflect funding conditions and valuation adjustments rather than changes in the long-term growth logic.