Serenity: Extreme divergence between AI infrastructure valuations and fundamentals, market may present another opportunity for positioning

October 21 - Serenity posted that the divergence between fundamental demand and market valuation in the current AI infrastructure sector has reached extreme levels. Procurement demand from companies related to SMCI to SPCX is accelerating, but stock prices of companies from AAOI to colocation data center service providers continue to decline.

As the earnings season concludes, October 2026 may be seen as an investment opportunity similar to the DeepSeek shock or the market correction triggered by tariffs in April.