**[Serenity: Still Bullish on Storage Sector, Market Focus Shifts Back to Photonics]** BlockBeats News, August 9 – Serenity published an article stating that it remains bullish on the storage sector, represented by Micron (MU) and Samsung, and believes the market often rotates between different supply bottlenecks. This week, photonics stocks such as AXTI and LITE have once again become the focus. Compared to the decline in July, the primary change has been stock prices, followed by scattered narratives and business updates. Serenity pointed out that during the market downturn in July, it was already known that COHR and LITE's laser products were fully sold out for the next two years, and the supply-demand imbalance had been highlighted during AAOI's last quarterly earnings call. Aside from stock price adjustments post-liquidation, the fundamentals of the photonics sector have not deteriorated; bottlenecks in optical transceivers and indium phosphide substrates remain unchanged and may even worsen. Regarding storage, Serenity noted that retail investors are showing signs of capitulation, despite the same group being highly bullish after MU signed 16 SCAs and provided excellent forecasts. Serenity believes the current ratio of operating profit to market value in the storage business is "extremely unreasonable," and the supply-demand imbalance may worsen next year. The only changes in the same company are valuation and narrative, while the market continues to rotate between different sectors. [Original Link]