#SDNK #MU #SK Can memory stocks still be bought?
This downturn has already bottomed out. First, the hardware sector—SK hynix, Micron, and SanDisk—started falling!
After hardware fell, the weakness spread to the software sector, and Google, Intel, and chip companies started collapsing!
When the software sector collapsed, only SanDisk followed it down and hit a new low!!
SK hynix and Micron didn’t hit new lows; they only pulled back. In terms of market share, SK hynix and Micron are clearly the representatives of the memory market. You can see now that SK hynix has performed the best, and its weekly chart has stabilized. SK hynix is the leading memory stock!
SK hynix also delivered very strong earnings. Whether or not software is profitable, the hardware AI competition gap will persist into 2028. Memory is the tangible foundation of AI. Software valuations may get cut, but the underlying hardware trend is still moving forward!
If it’s as good as you say, why has SanDisk fallen so badly?!
The core reason here is that SanDisk has attracted far too much speculative trading. The key issue for the market is still the positioning structure. Everyone likes SanDisk’s volatility and trading volume, so they’re all going long and buying the dip!
Naturally, this sell-off has been more violent and severe!
It’s a bit like ETH back in the day: everyone bought ETH instead of BTC, and in the end ETH fell hard while Bitcoin only slipped a little! So this downturn is just the darkness before dawn!
November is sure to see a massive takeoff!!