BlockBeats News, July 30th. Recently, AI trading has encountered a sharp cooldown, with high Beta assets collectively under pressure from US stocks to Asian tech stocks. The Nasdaq 100 has clearly retraced from its high, with multiple AI infrastructure, cloud computing, power, and semiconductor stocks experiencing double-digit percentage declines. The South Korean KOSPI has become an amplifier of this round of selling, retracing nearly 40% from its mid-June high, with an intraday maximum decline reaching close to 44%. The previously favored AI hash rate chain is undergoing a rapid deleveraging and valuation reassessment.

In this context, the previously famous "stock gods" have also failed to protect themselves smoothly during the downturn. According to the Financial Times, AI-themed hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, is seeking new capital injections. After a significant pullback in AI-related stocks recently, this fund, known for its high concentration bet on the AI industry chain, has suffered significant losses and is supplementing its capital through investor communications and potential asset sales.

This fundraising has rapidly become a landmark event following the downturn in AI trading. Over the past year, the market has been willing to pay high valuations for computing power, chips, power, and cloud infrastructure. With the sharp fluctuations of the South Korean KOSPI, Nasdaq 100, and multiple AI infrastructure stocks, funds are beginning to reevaluate the return cycle, leverage risk, and position crowding of the AI industry chain.

A similar retracement has also occurred with the "White-Haired Stock God" Serenity, familiar in the Chinese investment community. Serenity is an active anonymous trader on the X platform, with no regulatory filings disclosing complete positions, making it impossible for outsiders to confirm their true holdings and portfolio weights. However, he has publicly discussed his AI supply chain framework multiple times in the past, stating that his portfolio is concentrated in "AI bottleneck" segments such as storage, photonics, robotics, and upstream semiconductors.

Serenity's rise to fame relied on early exploration of high-resilience targets deep in the industry chain. He has named directions such as SIVE, NBIS, AXTI, CCXI, covering CPO light sources, InP materials, AI clouds, humanoid robots, and other niche sub-tracks. When the market was bullish, these stocks exhibited much higher resilience than mainstream tech stocks, allowing Serenity to quickly become a legend on social media platforms.

However, the backlash from high-resilience assets has been equally severe. In mid-July, Serenity claimed on X that after the recent market crash, his portfolio experienced a maximum drawdown of 49.4% this month. He later explained that if using 1.4x leverage, and the heavily-weighted storage and photonics underlying assets dropped by an average of about 35%, a portfolio drawdown of close to 49% was not unexpected.