I just took a quick look at $SKHYNIX ’s board—right around the 1180 level has been grinding for two days now, with volume staying around the 50 million level, neither high nor low.
But there’s one detail worth thinking about—Micron on the other side rose another 3% last night, and $SKHYNIX isn’t keeping up closely, so the price gap has widened a bit.
In plain terms, the HBM story hasn’t changed. NVIDIA’s next-generation chips are still in the process of placing additional orders, and for Hynix, production capacity is basically locked in through next year. A pullback is actually like handing out tickets for people who missed the move—but most folks are just watching the candlestick chart for excitement, and not many truly care about supply and demand.
My take is simple: this level can’t be waited on. Next, either institutional funds will rotate back in to catch up, or we’ll see a round of market repair. Just don’t fight the trend.
#Semiconductors
But there’s one detail worth thinking about—Micron on the other side rose another 3% last night, and $SKHYNIX isn’t keeping up closely, so the price gap has widened a bit.
In plain terms, the HBM story hasn’t changed. NVIDIA’s next-generation chips are still in the process of placing additional orders, and for Hynix, production capacity is basically locked in through next year. A pullback is actually like handing out tickets for people who missed the move—but most folks are just watching the candlestick chart for excitement, and not many truly care about supply and demand.
My take is simple: this level can’t be waited on. Next, either institutional funds will rotate back in to catch up, or we’ll see a round of market repair. Just don’t fight the trend.
#Semiconductors