Serenity: XFAB upgraded to "Buy"; AI and photonic chips may unlock long-term growth potential.
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Multiple Wall Street firms are collectively advocating for "buying on dips" in the semiconductor sector: the long-term logic of AI remains unchanged, but investment is entering an era of selective buying.
According to Mars Finance, on July 7th, amidst the recent continuous correction in the semiconductor sector, several Wall Street institutions have voiced their opinions, generally believing that the current adjustment presents an opportunity for investors to "buy on dips." However, unlike past recommendations to allocate across the entire semiconductor sector, institutions generally believe that AI investment has entered a phase of selective stock picking. Goldman Sachs stated that AI chip trading has entered a more selective phase, and does not recommend continuing to "buy a basket" of semiconductor stocks. They remain optimistic about specific sub-sectors such as CPUs, ASICs, memory, and semiconductor equipment, specifically highlighting AMD and Applied Materials. JPMorgan Chase believes that the recent correction in semiconductor stocks presents a good entry window, as AI chip demand remains in a long-term upward cycle, with new capacity not expected to be significantly released until around 2028, and the industry's supply and demand structure remains healthy. Bank of America maintains its optimistic outlook on the long-term boom cycle of AI semiconductors, believing the industry is still in the middle of an 8- to 10-year growth cycle, and the global semiconductor market size is expected to continue to expand. They recommend focusing on industry leaders such as Nvidia, Broadcom, Lam Research, and KLA. UBS stated that the long-term investment logic for AI remains unchanged, and the short-term fluctuations in the semiconductor sector actually provide long-term investors with opportunities to gradually build positions. They recommend taking advantage of market corrections to buy on dips. Morgan Stanley believes that the long-term prospects for AI chips remain positive, but with the sector's significant rise, the market will focus more on earnings realization capabilities. Funds may gradually rotate from some chip stocks to AI infrastructure beneficiaries such as cloud computing, and investors should pay more attention to individual stock selection. Overall, several Wall Street institutions, including Goldman Sachs, JPMorgan Chase, Bank of America, and UBS, have recently released similar signals: the semiconductor correction is not the end of the AI rally, but rather provides a new window for investment. However, the market has moved from a phase of "broad-based sector gains" to one of "selecting leading companies," and future performance will depend more on companies' earnings realization capabilities and the sustainability of demand for AI infrastructure.
Serenity questioned the rationale behind Rijksmuseum's strong buy rating on SPCX, describing their research report as "utterly unconvincing."
According to Odaily Odaily, "White-haired stock god" Serenity wrote that Raymond James Financial initiated coverage of SPCX with a "Strong Buy" rating and a target price of $800, a significant increase from the previous $160. Serenity stated that the target price implies a SpaceX valuation of $10 trillion, adding that they were "speechless" on the matter and jokingly remarked that the content of so-called "institutional research reports" intended for retail investors already speaks for itself.
Goldman Sachs: Buy on dips in chip stocks, but avoid "buying a basket of chips" again.
According to Mars Finance, Goldman Sachs stated in its latest report on July 7th that semiconductor stocks still present investment opportunities after the recent pullback, but AI chip trading has entered a more selective phase, and investors should no longer simply buy the entire sector. The bank pointed out that the PHLX Semiconductor Index has risen by over 80% this year, significantly outperforming the S&P 500 and Nasdaq indices. This strong performance has raised the bar for subsequent earnings realization and made the risk-reward ratio more differentiated ahead of the Q2 earnings season. Goldman Sachs remains optimistic about certain sub-sectors, including CPUs, ASICs, memory, and semiconductor equipment. Goldman Sachs believes these areas will benefit more directly from the expansion of AI infrastructure and have relatively higher demand visibility. In terms of individual stocks, Goldman Sachs specifically mentioned AMD and Applied Materials. AMD benefits from server CPU and AI-related demand, while Applied Materials benefits from advanced process technology and memory capital expenditure. However, Goldman Sachs is more cautious about the mobile phone supply chain and some semiconductor companies with high valuations or weak demand.
TRON oracle WINkLink has officially launched a long-term WIN buyback and burn program, with 100% of actual business revenue being repurchased quarterly.
Mars Finance reports that WINkLink, the core oracle project of the TRON ecosystem, has officially announced the launch of a long-term WIN token buyback program. According to the official announcement, starting from the third quarter of 2026, 100% of the actual business revenue generated by WINkLink's oracle service will be used quarterly to buy back WIN tokens. The repurchased portion will be burned quarterly as planned, and the on-chain burning data will be published in the next quarter to ensure full transparency. This move establishes a value support mechanism for the WIN token driven by real business revenue, enhancing liquidity and market confidence while providing a more solid value anchor for long-term holders.
BitTorrent has officially launched a long-term BTT buyback program, with 100% of its decentralized business revenue to be repurchased quarterly.
Odaily Odaily reports that BitTorrent has officially announced the full launch of its long-term BTT token buyback program in the third quarter of 2026. According to the plan, 100% of the revenue generated by BitTorrent's decentralized service will be used for quarterly BTT token buybacks, aiming to inject long-term, stable liquidity support into the token ecosystem. Furthermore, after each buyback cycle, a detailed on-chain audit report will be released to ensure transparency in the flow of funds and the entire execution process. This landmark initiative not only strengthens BTT's value anchor as a core asset of the ecosystem but also marks BitTorrent's ecosystem officially entering a new stage of sustainable development driven by revenue and supported by value.
Analysis: Active buying by long-term holders has helped provide short-term support for BTC, but a potential cyclical low should still be considered.
According to an analysis by Odaily Research, stronger-than-expected US employment data initially caused Bitcoin price volatility, and ETF outflows exacerbated selling pressure. However, active buying from long-term holders helped support the market price. Meanwhile, the weak employment data also pushed market expectations for the next interest rate hike from October 2026 to December, providing some support for Bitcoin's short-term trend. 10x Research added that historical data shows July has consistently been a strong month for Bitcoin, with an average increase of 9.1%. However, the market typically enters a consolidation phase in August and September, and September may be the low point of this cycle. Bitcoin's recent rebound from $58,500 to $61,500 may be providing traders with new entry opportunities.