From "Shiso Leaf" to 45‑Fold Myth: Decrypting the Alternative Investment Philosophy of Serenity

2026-06-24Beginner

2026-06-24

Beginner

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In May 2026, a screenshot of trading returns caused an uproar on X (formerly Twitter). An anonymous account with a white‑haired anime girl avatar, named "Serenity," posted an annual performance that stunned observers: 4502.45% – in less than five months, a full 45 times. This mysterious figure was soon dubbed the "White‑Haired Stock God" by investors, and his follower count on X quickly exceeded 750,000, with paid subscribers even surpassing Elon Musk at one point, ranking first on the platform. Even more astonishing, according to his own claims, his cumulative return over the past two years was approximately 225 times. The 25 stocks he publicly opened positions in all gained between 1x and 10x. Among them, Swedish semiconductor company SIVE started from a market cap of less than $150 million and accumulated over 20x gains; U.S. substrate materials supplier AXTI rose from around $12 and continued to climb.

However, Serenity's true identity remains a mystery – all claims about being an "AI research scientist," "RISC‑V Foundation member," and "having been invited to join Nvidia's AI team but declined" are unverifiable independently.

Serenity's Investment Philosophy: Three Consistent Methodologies

From his gradually disclosed statements and trading records, three core principles can be distilled.

"Shiso Leaf" Theory – Seeking Unremarkable but Indispensable Components

Serenity uses a vivid Japanese cuisine metaphor: diners at a sushi restaurant fight over fatty tuna belly, but what truly shuts down the restaurant is the inconspicuous shiso leaf – without it, the whole operation falls apart. In investing, "shiso leaves" are those small‑cap obscure companies that hold absolute technological monopoly in a critical link, without which the entire industry chain cannot function.

"Chokepoint Thesis" – Zeroing in on the "Shortest Plank" of the Industry Chain

This is Serenity's core strategy, also called the "bottleneck play." Its basic logic is: in high‑growth industries, do not chase end‑giants like Nvidia, but instead dig upstream for seemingly obscure companies that hold core enabling technologies. He repeatedly emphasises that most people study AI by focusing only on GPU compute – the "longest plank" – but the real growth bottleneck and investment opportunity lie precisely in the most fragile and irreplaceable "shortest plank" in the supply chain. Once that choke point fails, even giants like Nvidia and Google TPU would come to a complete halt.

Assembling "What the Market Doesn't Yet Know" from Fragments

Under this approach, he excels at using public information – industry research, academic papers, patent documents, customer lists, capacity maps, upstream mineral sources, and other unstructured pieces – to piece together high‑conviction inferences, then waits for the market to catch up in hindsight.

Attitude Toward Technical Analysis: Back to Fundamentals

Unlike technical analysts, Serenity has openly stated that technical analysis is more like "astrology" for traders – a combination of confirmation bias and market psychology that can be used to gauge sentiment but is insufficient to determine the core direction of prices. In his view, the sharp rises in many individual stocks did not originate from chart patterns, but from changes in fundamentals and capital structure.

Investment Portfolio Overview

Below is a categorised summary of the stocks he has mentioned or held, based on Serenity's public statements on X.

U.S. and Global Equity Stocks

Serenity's core long portfolio is mainly centred around next‑generation photonics, semiconductor substrates, power semiconductors, and edge AI compute.

Core Holdings

Ticker	Code	Industry Positioning	Serenity's Assessment
SIVE (Sivers Semiconductors)	Swedish stock	Photonics "bottleneck" link	Beneficiary of 1.6T optical modules and CPO trends, embedded in multiple hyperscale cloud supply chains, considered to have the highest upside elasticity
LPK (LPKF Laser & Electronics)	German stock	Laser glass substrates	Holds a "quasi‑monopoly" in LIDE process; global major players are participating in validation and production ramps; valuation still considered undervalued
SOI (Soitec)	French stock	Silicon photonics substrates	Defined as a structural advantage name in silicon photonics substrates; has already seen partial re‑rating, but Serenity continues to hold
RPI (Raspberry Pi Holdings)	UK stock	Edge AI	Seen as a potential beneficiary extending from education/dev boards to AI edge deployment; a watch‑list position
IQE	UK stock	Epitaxial wafers	Covers multiple photonics and RF players; considered to have gradually cleared risks and entered a re‑rating phase, with mid‑ to long‑term re‑pricing potential
ALRIB (Riber)	French stock	MBE equipment	Described as a "hidden leader" in MBE equipment; benefits from quantum and quantum‑dot applications, with indirect validation from Microsoft's quantum equipment procurement; still undervalued
XFAB (X‑FAB Silicon Foundries)	European stock	SiC power semiconductors and silicon photonics foundry	Focuses on SiC power semiconductors and silicon photonics foundry capabilities; benefits from the U.S.‑EU CHIPS Act; has potential photon foundry opportunities being evaluated by Nvidia; after Serenity announced his position on May 27, the stock surged as much as 77% intraday

Small‑ to Mid‑Cap AI Exposure Names

On June 9, 2026, Serenity posted that a group of small‑ to mid‑cap companies with market caps between $10 billion and $100 billion and with AI exposure still appeared relatively attractive, including: ASX, Sumitomo Electric, JBL, VICR, GFS, AAOI, AlChip, TSEM, FN, Furukawa Electric, CLS, NBIS, NOK, AMKR, LITE, COHR, among others. He also stated that he only holds personal positions in NBIS, TSEM, and AAOI.

Early Breakout: AXT

AXT (AXTI.O) was his early breakout name – a global leader in indium phosphide (InP) substrates. Serenity believes InP substrates are the "ultimate throat‑choke point" for AI optical interconnects. The stock once surged nearly 10x from around $14.

Conclusion

The "White‑Haired Stock God" Serenity phenomenon reflects the global retail investor's hunger for AI industry chain opportunities and their reliance on "authoritative" guidance in an age of information overload. Regardless of his true identity, the approach he advocates – "focusing on industry bottleneck links and driving investment through deep research" – does have some reference value. But as one seasoned investor put it: "It's easier to create a god than to admit you don't understand. " In the world of investing, no "stock god" can replace independent thinking and self‑determined decision‑making.

Risk Disclaimer: This article is for objective analysis of investment logic only and does not constitute any investment advice. Market risks exist; invest with caution.

Analysis of the U.S. Equity AI Industry Chain Investment Logic

In 2026, the U.S. equity AI investment logic is shifting from concept speculation to earnings delivery. A capital expenditure super-cycle, led by hyperscale cloud providers, has taken shape, with total annual CapEx expected to exceed $700 billion, securing order visibility for the industry chain over the next 12–24 months. Within the three‑tier structure of the industry chain, compute infrastructure (Nvidia, Broadcom, etc.) offers the highest certainty; the foundation model layer still faces unclear profitability paths; and the application software layer benefits from dual optimization of revenue and costs. Investment opportunities are spreading sequentially across compute, storage, optical communications, and power supply. CoinW has launched its TradFi zone, supporting trading in U.S. equities such as Nvidia and Google, as well as AI‑theme tokens including TAO, RENDER, and FET. Risks to watch include elevated valuations, slowing CapEx growth, and geopolitical factors.

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