Serenity: The Market Is the Ultimate Arbiter, Individual Investment Logic Continues to Be Challenged and Vindicated

On June 20, Serenity published a post noting that many innovative viewpoints often face intense skepticism in their early stages—especially original investment theses, which tend to spark market controversy. The investment thesis surrounding AXTI once encountered widespread opposition, leading to the stock being banned from Reddit’s WallStreetBets (WSB) forum. At the time, the market widely viewed the company as a "suspicious concept stock," but subsequent confirmations from Reuters, industry reports, and research from multiple institutions gradually validated its true competitive position. Additionally, Serenity highlighted several other cases: AAOI, LITE, RKLB, HOOD, IQE, SOI, NBIS, NTC, MRVL, AEHR, and EWY. It emphasized that each of these investment logics faced market skepticism at different stages before being validated to varying degrees by fundamental performance or market outcomes. In the long term, the market remains the ultimate arbiter of right and wrong. As each investment thesis is progressively proven by results, early negative voices will gradually fade, and price performance will serve as the final criterion for evaluating the validity of an investment approach.