STOCKS | Serenity Says Market Performance, Not Online Criticism, Validates Investment Theses

Serenity, known online as the “white-haired stock guru,” said that original investment ideas often face strong early opposition, but that markets ultimately determine whether a thesis is right or wrong. According to Odaily, Serenity wrote on X that several of his past stock views were heavily criticized at first, including AXTI, which he said was labeled a “scam company” and led to his related discussions being banned on Reddit’s WallStreetBets forum. He added that AXTI later received Reuters coverage and that company performance in the indium phosphide (InP substrate) wafer industry, along with validation from institutional investors, supported his logic. Serenity also cited RPI, which he said was initially dismissed as a “meme stock” and viewed by analysts as lacking fundamentals, but later financial reports showed an expected 58% increase in future revenue growth and the company was re-evaluated as a high-growth AI hardware firm. He pointed to SIVE as another example, saying it was widely seen as a “meme stock” before gaining institutional buying support and attention from firms including Fidelity Research and JPMorgan Chase, and later announcing partnerships with companies such as Jabil and GlobalFoundries. Serenity said that “the market will ultimately decide what is right or wrong,” rather than angry comments or posts on X. He also listed other cases he said were previously questioned but later gained market recognition, including AAOI around $30, LITE at $300, RKLB at $20, HOOD at $20 following criticism tied to GameStop trading restrictions, IQE as a small U.K. company seen as lacking photonics partnerships, SOI as overvalued in the view of European bank analysts, NBIS as lacking competitive barriers, INTC as unable to compete with TSMC, MRVL amid concerns Broadcom would take ASIC market share, AEHR after what he described as a market misreading of earnings, and EWY amid claims of a bubble in South Korea’s semiconductor cycle.