Jukan: Short term bearish view on storage, bullish view on optical interconnect, consensus on storage prices peaking

Citrini analyst Jukan stated that in the short term, the market is bearish on storage and bullish on optical interconnectivity, and some hedge funds have implemented this strategy. The reasons include: the basic failure of South Korean leveraged ETFs and the selling pressure caused by concentrated redemptions by limited partners; Nvidia weakens the HBM configuration of Rubin Ultra and switches to optical interconnect racks; The market has formed a consensus that storage prices will peak in the next two quarters. Jukan is bullish on long-term storage and bearish in the short term. Currently, there are no storage positions available.