According to BlockBeats, on July 5th, Leto Bao, the protagonist of the "ByteDance stock trading 30 million yuan" story, concluded his review of his US stock investment experience on Binance Square. Some of his remarks are as follows:

Around August of last year, his investment style had shifted to value investing, with his main holdings allocated to indices, especially the Nasdaq 100, and a portion invested in companies he actively selected, such as Google. At that time, he wanted to build a database and backtest his investment strategy using quantitative methods, so he bought two hard drives on Pinduoduo, only to find that hard drive prices continued to rise.

He stated that the rising price of hard drives was the first signal that prompted him to focus on the storage sector. At the time, reports had already mentioned that AI was driving up memory prices, and hard drive prices were rising in tandem. The second signal came from his experience as a Data Engineer, where ByteDance was also requiring teams to shorten data lifecycles, i.e., reduce data storage time, for example, from two or three years to one year or six months, and delete redundant data, due to insufficient storage resources.

Leto Bao stated that based on rising hard drive prices, AI storage demand, and research report analysis, he initially bought some related stocks, but did not immediately invest heavily because he had not yet seen any concrete signals. Later, he discovered through 13F institutional holdings that institutions had been increasing their holdings in related sectors for three consecutive quarters, at which point he began to increase his position and has held it ever since. He stated that he currently still holds storage-related positions and has already achieved significant returns.

Regarding economic indicators, Leto Bao stated that the CPI (Consumer Price Index) is one of the key indicators closely watched by the Federal Reserve. A high CPI usually indicates significant inflationary pressure, while a low CPI may reflect deflationary pressure. The Fed's long-term goal is to maintain inflation at around 2%, representing a moderate inflationary environment, implying slow currency depreciation, while investment, consumption, and credit activity remain relatively healthy. Non-farm payroll data also influences market sentiment. While there is a correlation between overheated employment and inflation, the relationships between macroeconomic indicators are complex and not simply linear. The Federal Reserve is responsible for formulating economic policies related to interest rates and for adjusting these policies to support the US economy.

Leto Bao believes that CPI, non-farm payrolls, Federal Reserve policies, and earnings season should not be simply regarded as "noise," but all have certain reference value. He mentioned that when he previously invested in Nvidia, he ignored the overall interest rate hike environment, which led to a significant drawdown in his account. Therefore, macroeconomic factors still need to be included in investment judgments.

Finally, Leto Bao suggests starting investments as early as possible and allocating funds to relevant assets as soon as possible. Many jobs and positions will be impacted by AI in the future, so ordinary people who want to hedge against the risk of being replaced by AI can consider investing in AI-related companies.

Leto Bao, a former employee of ByteDance, is known as "ByteDance Stock Investor." He reportedly made a substantial profit of approximately 30 million RMB through investments in the AI storage sector in the US stock market before resigning. The story began when he noticed an unusual price surge when buying hard drives on Pinduoduo, which prompted him to research data storage needs and heavily invest in related stocks.