Changxin Technology’s listing officially brings China’s DRAM into the global capital market’s pricing system.
On the same day, the Korean KOSPI triggered a circuit breaker during intraday trading; storage stocks such as SK Hynix and Samsung Electronics fell sharply. AI supply-chain stocks in the U.S., including Corning, SanDisk, and Micron, also weakened in tandem.
Many people attribute the cause to Changxin’s listing, but it’s not that simple. Changxin Technology’s listing was merely the fuse.
Changxin currently focuses mainly on DRAM, and in the short term it has not yet developed the capability for large-scale HBM mass production.
As HBM—high-end DRAM with the highest profits and the highest technological barriers in the AI era—SK Hynix is still the global leader today.
SK Hynix’s true core competitive strength has not changed in the short term.
The main reason is that the storage sector has surged too much over the past year and its valuation is too high; once there is even a hint of trouble, profit-taking positions get liquidated all at once.
In addition, the market is re-evaluating the future global DRAM competitive landscape, domestic semiconductor companies continue to break through, and the Federal Reserve has maintained high interest rates for the long term, with expectations of another rate hike still present in September. Liquidity remains tight, and all these factors jointly amplify this wave of selling pressure.
AI is the greatest revolution for humanity. Opportunities are created by declines. Build positions in batches, prepare for investment cycles of five or ten years, and seize the wealth redistribution brought by the AI revolution.
On the same day, the Korean KOSPI triggered a circuit breaker during intraday trading; storage stocks such as SK Hynix and Samsung Electronics fell sharply. AI supply-chain stocks in the U.S., including Corning, SanDisk, and Micron, also weakened in tandem.
Many people attribute the cause to Changxin’s listing, but it’s not that simple. Changxin Technology’s listing was merely the fuse.
Changxin currently focuses mainly on DRAM, and in the short term it has not yet developed the capability for large-scale HBM mass production.
As HBM—high-end DRAM with the highest profits and the highest technological barriers in the AI era—SK Hynix is still the global leader today.
SK Hynix’s true core competitive strength has not changed in the short term.
The main reason is that the storage sector has surged too much over the past year and its valuation is too high; once there is even a hint of trouble, profit-taking positions get liquidated all at once.
In addition, the market is re-evaluating the future global DRAM competitive landscape, domestic semiconductor companies continue to break through, and the Federal Reserve has maintained high interest rates for the long term, with expectations of another rate hike still present in September. Liquidity remains tight, and all these factors jointly amplify this wave of selling pressure.
AI is the greatest revolution for humanity. Opportunities are created by declines. Build positions in batches, prepare for investment cycles of five or ten years, and seize the wealth redistribution brought by the AI revolution.