Isn’t the market just hard to do? The US stock storage sector is falling harder and harder—Micron, Hynix, SanDisk, Western Digital, and Seagate all weakened together. Seagate even plunged by 10 points. This isn’t a coincidence. The industry cycle is already heading downhill.
Earlier, when AI was hot, everyone was wildly stockpiling. But now demand from consumer end markets like smartphones and computers isn’t doing well, and inventories in hand have built up very high. Meanwhile, manufacturers don’t want to cut production and lose market share, so supply keeps increasing. DRAM and NAND chip prices keep dropping, and company profits naturally get squeezed.
De-stocking will take at least 2–3 quarters. Even if AI servers are still consuming chips, it can’t make up for the huge shortfall in consumer electronics demand.
Especially for Seagate and Western Digital: apart from the weak industry backdrop, solid-state drives are continuously taking market share from mechanical hard drives. Double pressure is weighing on them.
In plain terms, we’re currently in a downturn phase. As long as inventories haven’t been digested and chip prices haven’t stabilized, the fundamentals won’t really turn around. Chasing a bottom right now is easy to get trapped. In the short term, the market is likely to stay weak. Although it’s a big narrative—when BTC and ETH volatility keeps becoming more and more constrained, technical analysis of the K-line is basically no different. If you can analyze BTC and ETH well, other instruments should also be fine; just strictly control position sizing.
#SpaceX市值达1.613万亿美元超越Meta #SK海力士拟191万亿韩元投建M17工厂
Earlier, when AI was hot, everyone was wildly stockpiling. But now demand from consumer end markets like smartphones and computers isn’t doing well, and inventories in hand have built up very high. Meanwhile, manufacturers don’t want to cut production and lose market share, so supply keeps increasing. DRAM and NAND chip prices keep dropping, and company profits naturally get squeezed.
De-stocking will take at least 2–3 quarters. Even if AI servers are still consuming chips, it can’t make up for the huge shortfall in consumer electronics demand.
Especially for Seagate and Western Digital: apart from the weak industry backdrop, solid-state drives are continuously taking market share from mechanical hard drives. Double pressure is weighing on them.
In plain terms, we’re currently in a downturn phase. As long as inventories haven’t been digested and chip prices haven’t stabilized, the fundamentals won’t really turn around. Chasing a bottom right now is easy to get trapped. In the short term, the market is likely to stay weak. Although it’s a big narrative—when BTC and ETH volatility keeps becoming more and more constrained, technical analysis of the K-line is basically no different. If you can analyze BTC and ETH well, other instruments should also be fine; just strictly control position sizing.
#SpaceX市值达1.613万亿美元超越Meta #SK海力士拟191万亿韩元投建M17工厂