Dan Bin Increases Bet on Tech Stocks Again

Dan Bin, head of Oriental Harbor, has once again increased his bets on tech stocks.

On the evening of August 18, Dan Bin stated on social media: “I plan to buy SpaceX today, marking the beginning of my strategic layout for this target.” According to public information, SpaceX is a company building future integrated hardware and software infrastructure in the fields of space, connectivity, and artificial intelligence. It listed on the U.S. stock market in June this year, and its share price has fluctuated and adjusted by more than 10% since July.

Judging from public information, this is not the first time Dan Bin has publicly expressed bullishness on tech stocks. In early August, he explicitly stated that artificial intelligence is the super main theme for the next ten years. Many industry insiders believe that the adjustment in the tech sector since July is not due to a deterioration in prosperity or fundamentals. Related high-quality companies may hit new highs after pulling back, and investors can focus on targets whose performance is gradually being realized or is expected to be realized.

On the evening of August 18, Dan Bin stated on social media: “Before the U.S. market opened today, the broader market weakened due to rising Treasury yields, with SpaceX down 2.69% in pre-market trading. I plan to use the funds recovered from previously selling at twice the high to buy SpaceX, while simultaneously implementing the Decu strategy (a derivative instrument), hoping to serve long-term investment while reducing holding costs.”

Dan Bin also stated directly: “This is the beginning of my strategic layout for SpaceX. If you believe that human civilization needs to extend outward and move toward the stars, enterprises like SpaceX represent the future of humanity.”

In fact, not long ago, Dan Bin had also firmly expressed bullishness on technology.

On August 11, Dan Bin stated on social media: “I have always adhered to one judgment: Artificial intelligence is the super main theme bull market for the next ten years. To this day, my long-term logic for AI has never wavered, and domestic products remain fully invested.”

The recently disclosed U.S. stock holdings of Oriental Harbor’s overseas funds also demonstrate Dan Bin’s optimistic expectations for the technology sector.

Public data from the U.S. Securities and Exchange Commission shows that as of the end of the second quarter, the top five holdings of Oriental Harbor’s overseas funds were Alphabet Class C, Intel, Nvidia, SanDisk, and Micron Technology, all of which are tech giants in the AI industry chain.

Notably, it is not just Dan Bin; several leading private equity firms are also long-term bullish on the technology track.

Jinglin Asset believes that the significant market volatility since July is mainly due to the chain reaction caused by deleveraging transactions after extremely crowded trading in the first half of the year; a secondary reason is that the rapid and excessive price increases of some products in the AI industry chain due to shortages have made the market worry about the sustainability of future AI investments. However, looking at the fundamentals of related leading companies, from the perspective of supply and demand, conservative and cautious bottleneck enterprises in the industry chain remain confident in the long-term growth of AI computing power and infrastructure investment. Their upward revisions to capital expenditure plans demonstrate their predictions with real money. The recent adjustment is not a turning point change, and high-quality companies may hit new highs after pulling back.

Wang Qinglei, Investment Manager at Xitai Investment, also analyzed that facts such as the continued high level of capital expenditure by global cloud providers, strong visibility of optical interconnect orders, and the continuous realization of performance by leading companies during the semi-annual report window indicate that the medium-to-long-term prosperity of AI infrastructure construction has not been falsified. As the disclosure of semi-annual reports enters a intensive period, pricing weight will further return to fundamentals. Tech hardware leaders with sustainable orders, price increase transmission, and profit realization capabilities may regain capital attention after sentiment repair.

Source: China Securities Journal

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