芯片存储相关股票因此继续大跌，二倍海力士一天跌了 30%，我一裤兜海力士和 sndk。虽然跌了这么多，我还是觉得逻辑没问题，整体市场的算力和存储仍然是短期的，仅仅是 meta 自家存在某种程度上的多余。 结合 meta 前阵子刚签完长协+谷歌限制 meta 使用+ meta模型拉垮+存储芯片业绩都爆好，这不存在目前算力多余的情况啊，只是市场需要理由下杀。特别搞笑的是，meta 领涨了中概，meta 才是中概龙头。 另外也提醒一下，即使 sk海力士上美股，也不会真正追平和mu的估值，因为美国公司天然有溢价，其余地方的公司有折价。

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🚀I'm excited to share that I will be joining Meta Superintelligence Labs (MSL) as Vice President of AI Research, together with many members of the Virtue AI team. I will help shape Meta's AI safety and AI security efforts, advancing the safety and security of frontier AI models and agentic AI systems that will serve billions of people and organizations around the world. Throughout my career, I have been driven by a simple belief: for AI to realize its full potential, it must be secure, trustworthy, and beneficial. That belief has guided my research for many years and ultimately led us to co-found Virtue AI in 2024. Our goal was to translate advances in trustworthy AI research into practical solutions and build the trust layer for AI systems and agents, enabling organizations to deploy AI with confidence. I am incredibly proud of what the Virtue AI team has accomplished. Together, we built technologies for AI security and agent security, partnered with leading enterprises and frontier AI labs, and contributed research, benchmarks, and open platforms that have helped advance the science and practice of trustworthy AI. Most importantly, we assembled an exceptional team united by a shared mission: making AI more secure, trustworthy, and beneficial. I am deeply grateful to our team, customers, collaborators, advisors, and investors for their trust and support throughout this journey. In particular, I would like to thank Lightspeed Venture Partners, Walden Catalyst Ventures, Prosperity7 Ventures, Factory, Osage University Partners, Lip-Bu Tan, and all of our supporters who helped us turn an ambitious vision into reality. Your trust, guidance, and partnership have been instrumental in shaping Virtue AI's journey. As AI systems become increasingly capable and autonomous, ensuring their security, trustworthiness, and alignment will be one of the defining challenges of our time. I am inspired by Alex, Nat, Prashant, and the broader MSL team’s vision of building AI and AI agents that benefit billions of people, and I look forward to helping make that vision a reality through advances in AI safety and security. The future of AI will not be defined solely by how intelligent our systems become, but by how secure, trustworthy, and beneficial we make them. I believe we have an extraordinary opportunity and responsibility to shape that future together and bring the benefits of AI to billions of people around the world. We're just getting started. If you're passionate about advancing frontier AI while building the foundations of AI safety, security, and trust, I'd love to hear from you. Come join us on this extraordinary journey to help shape the future of AI.

抄了些 sndk，主要仓位目前就是 sk海力士 和 sndk，我自己觉得短期还没结束，nand终端一直在涨价，闪迪作为纯 nand 厂商受益最明显。我应该会持有到七月份结束，除非有大的变化。 虽然我目前是存储的多头，但同样一直在思考这波大行情何时会结束。因为商业是有定律和常识的，目前的结构明显违背了商业规律。 1. 所有的钱都被上游的存储厂商和芯片厂商赚走了，这不合理但一直在发生。 一般在产业革命发生的早期会出现这种情况，可以参考工业革命早期钢铁厂赚了大部分的钱，互联网早期思科赚了大部分的钱，但这都不可持续。 2. 美股科技巨头（谷歌、亚马逊、meta、微软）最新季度的 capex 都已经要把 ocf 吃完了，所以不得不发股/债融资来继续买硬件。 巨头们已经身在囚徒困境里，必须要以现金换取发展速度和安全空间，虽然要牺牲现金流。假设 capex 明年预期出现下调，存储股同样会迎来大的调整，即使存储厂商已经通过锁单预付款等形式锁定了订单。 3. 下游还没有真正开始赚钱，Anthropic和openai 的 ARR 如果增速开始不符合预期，也会导致出现大的调整。 问题在于，以现在的发展路线来看，存储这玩意就是绕不开的，目前看起来无解。 不像互联网，轻资产、边际成本递减。反而有点像房地产，多一个用户就得多盖一间房子，而且你得融资提前开始盖房子，如果房子一直稀缺，那房价就会继续上涨，等什么时候买房人的现金流/债务出现问题，房价也就崩了。