[Dan Bin Shares Perspective: Recent Deleveraging Pullback Is a Necessary Path, Nasdaq Rebound in August Likely to Continue Until NVIDIA Earnings Report] BlockBeats News, August 3 — This morning, Dongfang Harbor Chairman Dan Bin shared the perspective of Morgan analysts, stating that in July, the chip sector experienced a sharp decline and massive leverage liquidations. However, within the grand AI cycle, this level of pullback is both a necessary path and a sign of market health. The market has yet to fully grasp the infinite demand potential of AI as an 'intelligent' product. Concerns over capital expenditures by tech giants echo the early days of Amazon AWS, but the opportunities in AI are far greater. Capital is flowing back from low-quality tech stocks to high-quality targets, validating the prediction of a 'king's return' by the end of 2026. Storage chips still face cyclical risks and high volatility, making it advisable to wait for technical corrections. NVIDIA, Broadcom, and TSMC, with solid fundamentals, are more promising, and funds are expected to increasingly flow toward high-quality application layers. On the other hand, the business growth of hyperscale cloud providers is accelerating, with massive order backlogs that continue to expand, indicating that previous concerns over capital expenditures were misjudged. These investments will translate into definitive future revenues. Looking ahead to August, the Nasdaq rebound is likely to continue until NVIDIA's earnings report. The rolling adjustments in the tech sector are nearing their end, and capital is accelerating its return to high-quality tech stocks. In terms of specific sector strategies, it is currently inadvisable to blindly chase highs in the chip and storage (memory) sectors. However, investors can adopt a short-term swing trading strategy of buying on dips until the storage sector fully forms a bottom pattern from a technical perspective. [Original Link]