š„NVIDIA earningsā"good news gets cashed in"? Koreaās two leading memory chipmakers all take a late plunge!
On August 27, Korean memory chip stocks came under clear selling pressure on the eve of NVIDIAās Q2 earnings release.
š Specific late-session performance:
Ā· SK hynix (000660): closed at 175,000 won, down 2.56%. Earlier in the day, news surfaced that losses widened to as much as 10%.
Ā· Samsung Electronics (005930): closed slightly down 0.39%.
Ā· Foreign investors led the sell-off: SK hynix saw net foreign selling of 222.6 billion won on the day. Over the most recent three trading sessions, cumulative selling totaled as much as 672.2 billion won. Since the August 22 high of 191,100 won, SK hynix has pulled back 8.42%.
š„ Why did stocks dive late in the session?
ā āBuy the expectation, sell the factā ahead of NVIDIAās earnings. NVIDIA will release its Q2 report on August 28. Ahead of the earnings, the marketās wait-and-see sentiment ran high. Profit-taking funds chose to exit early. Overnight, the U.S. semiconductor sector led the pullback firstāNVIDIA fell 2.25%, putting global memory stocks under pressure at the same time.
ā” Multiple bad factors converged. This round of memory sell-off was not driven by a single catalyst. It reflected convergence of factors after the sectorās big cumulative rallyāfunds concentrated on profit-taking, the market re-evaluated AI memory demand over the long term, and disagreements over future capacity supply.
ā¢ Leverage products amplified the drop. Southernās 2x long on SK hynix (07709) plunged 18.53% during the dayāleverage effects further intensified market panic.
In the short term: sentiment dominates š NVIDIAās earnings is the key near-term variable. If results beat expectations, memory stocks may be able to rebound; if not, the pullback could continue.
In the long term: the memory cycle divide grows ā ļø Morgan Stanley has warned that memory prices may be approaching a peak. Whether AI memory demand can continue to exceed expectations remains the marketās central battleground.
Guys, do you think NVIDIAās earnings can save memory stocks?
$SKHYNIX
$KORU
On August 27, Korean memory chip stocks came under clear selling pressure on the eve of NVIDIAās Q2 earnings release.
š Specific late-session performance:
Ā· SK hynix (000660): closed at 175,000 won, down 2.56%. Earlier in the day, news surfaced that losses widened to as much as 10%.
Ā· Samsung Electronics (005930): closed slightly down 0.39%.
Ā· Foreign investors led the sell-off: SK hynix saw net foreign selling of 222.6 billion won on the day. Over the most recent three trading sessions, cumulative selling totaled as much as 672.2 billion won. Since the August 22 high of 191,100 won, SK hynix has pulled back 8.42%.
š„ Why did stocks dive late in the session?
ā āBuy the expectation, sell the factā ahead of NVIDIAās earnings. NVIDIA will release its Q2 report on August 28. Ahead of the earnings, the marketās wait-and-see sentiment ran high. Profit-taking funds chose to exit early. Overnight, the U.S. semiconductor sector led the pullback firstāNVIDIA fell 2.25%, putting global memory stocks under pressure at the same time.
ā” Multiple bad factors converged. This round of memory sell-off was not driven by a single catalyst. It reflected convergence of factors after the sectorās big cumulative rallyāfunds concentrated on profit-taking, the market re-evaluated AI memory demand over the long term, and disagreements over future capacity supply.
ā¢ Leverage products amplified the drop. Southernās 2x long on SK hynix (07709) plunged 18.53% during the dayāleverage effects further intensified market panic.
In the short term: sentiment dominates š NVIDIAās earnings is the key near-term variable. If results beat expectations, memory stocks may be able to rebound; if not, the pullback could continue.
In the long term: the memory cycle divide grows ā ļø Morgan Stanley has warned that memory prices may be approaching a peak. Whether AI memory demand can continue to exceed expectations remains the marketās central battleground.
Guys, do you think NVIDIAās earnings can save memory stocks?
$SKHYNIX
$KORU