Serenity Says AI Capital Spending Beneficiaries Have Stronger Fundamentals Than Short Bets

Serenity said Jim Cramer recently backed short positions in Sandisk (SNDK), DRAM, and SK Hynix-related stocks favored by AI investor Leopold. According to Odaily, Serenity said Leopold’s AI capital spending beneficiaries have more attractive fundamentals, citing Samsung Electronics and SK Hynix as trading at about 2.8 to 3 times forward earnings for fiscal 2027. Serenity added that Samsung has signed a long-term agreement running through 2031, while SK Hynix has a minimum-price arrangement. Serenity also said Sandisk is expected to reach a 50% free cash flow margin and an 80% gross margin by 2030. Other AI capital spending beneficiaries held by Leopold include Bloom Energy (BE), Intel (INTC), and AMD, which Serenity said could see a “reverse Jim Cramer” move in the medium term because of strong fundamentals.