STOCKS | Serenity Says Neoclouds, Photonics, and Memory Themes Are Playing Out in Markets

Serenity, known as the “white-haired stock guru,” said in a post on X that three investment themes previously outlined—neoclouds, photonics, and memory—are gradually being reflected in the market and supported by individual asset performance. According to Odaily, Serenity cited moves in assets including AAOI, EWY, and NBIS as signs that related industry chains are entering a phase of faster differentiation, with some names reaching record highs. Serenity said IREN has lagged amid ongoing pressure from about $6 billion in at-the-market share issuance, while Nebius has continued to strengthen, creating a clear divergence. Serenity added that the market focus is on identifying leading themes early and concentrating allocations in the right areas, but returns may still fall short of expectations due to differences in structural market moves even when the direction is correct. Looking ahead, Serenity said photonics remains at an early stage but has significant long-term potential. Serenity also said Nebius could develop into an “AWS of cloud computing,” and that Micron, SK Hynix, and Samsung Electronics may have potential for industry-level revaluation driven by structural demand for memory.