SK Hynix today directly carried out a stock buyback of roughly $28 billion, and in South Korea the share price surged more than 12% in a single day. Even the KOSPI was lifted by memory stocks.
The on-chain reaction is even more straightforward: on the bStocks trading leaderboard, the top four were all booked out by memory. Micron $MUon, with $11.2 billion in 24h turnover, ranked first overall; SanDisk $SNDKon, with $10 billion, followed closely. Both of their Binance spot versions, MUB/SNDKB, are also around $10 billion. Broad-market indexes like SPY and QQQ were pushed to the back.
My observation: the money isn’t being spread evenly—it’s all concentrated along the memory line. The logic follows: SK Hynix’s buyback is a signal that AI/HBM demand hasn’t been disproven, and the market is using this as an excuse to re-price memory. But note: on-chain, Micron is only +2.2% today and SanDisk +0.2%. SK Hynix’s +12% is in the Korean market—don’t blindly apply the buyback numbers to Micron.
Is this the real start of the memory supercycle, or just a buyback-triggered pulse of sentiment? With on-chain turnover of $11.2 billion, can U.S. stocks tonight hold up?
$BNB
#bStocks #RWA #存储芯片
The on-chain reaction is even more straightforward: on the bStocks trading leaderboard, the top four were all booked out by memory. Micron $MUon, with $11.2 billion in 24h turnover, ranked first overall; SanDisk $SNDKon, with $10 billion, followed closely. Both of their Binance spot versions, MUB/SNDKB, are also around $10 billion. Broad-market indexes like SPY and QQQ were pushed to the back.
My observation: the money isn’t being spread evenly—it’s all concentrated along the memory line. The logic follows: SK Hynix’s buyback is a signal that AI/HBM demand hasn’t been disproven, and the market is using this as an excuse to re-price memory. But note: on-chain, Micron is only +2.2% today and SanDisk +0.2%. SK Hynix’s +12% is in the Korean market—don’t blindly apply the buyback numbers to Micron.
Is this the real start of the memory supercycle, or just a buyback-triggered pulse of sentiment? With on-chain turnover of $11.2 billion, can U.S. stocks tonight hold up?
$BNB
#bStocks #RWA #存储芯片
