Alphabet, Micron, Nebius Emerge as AI Selloff Eases After 500% Margin Loans Imploded
Updated
Updated · The Motley Fool · Aug 2
Alphabet, Micron, Nebius Emerge as AI Selloff Eases After 500% Margin Loans Imploded
3 articles · Updated · The Motley Fool · Aug 2
Summary
More than 3% of South Korean adults reportedly received margin calls in July, pointing to forced deleveraging—not deteriorating AI demand—as the main trigger of the recent selloff.
500% margin loans tied heavily to AI names such as SK Hynix and Samsung were wiped out, and Leopold Aschenbrenner's Situational Awareness LP also liquidated positions after a margin call.
Alphabet, Micron and Nebius are highlighted as rebound candidates because their operating trends remain strong despite the correction.
Alphabet posted 24% second-quarter revenue growth and 82% growth in cloud AI services; Micron trades at a 5.6 forward P/E while guiding for more than 20% sequential revenue growth.
Nebius, which had made up just over 40% of Aschenbrenner's portfolio, reported $399 million in first-quarter sales—up 684% year over year—and is targeting up to $3.4 billion in 2026 revenue.