["New Stock God" Serenity: Current Photon Market Sell-off Mainly Driven by Follow-the-Leader Algorithmic Trading] According to Deep Tide TechFlow, on June 1, Serenity stated that the current sell-off in the photon market is primarily driven by "follow-the-leader" algorithmic selling. The performance of most laser and optics-related companies, from AAOI to SIVE, appears to be tied to LITE's movements, despite some companies showing improving fundamentals, such as discussions around AOI, AMD, and NVDA. Serenity believes that algorithms lack sufficient differentiation between individual stocks, making high-beta targets particularly susceptible to impact. If the market has yet to reflect Sivers' progress with more undisclosed optical module clients, there could still be potential for long-term outperformance. Serenity also mentioned that intraday market fluctuations often reach 20% to 30%, and they personally avoid trading such short-term volatility.