$SNDK Be cautious about going long; refuse to pay for AI
The AI hype has been going on for a long time. After peaking in June and then pulling back, it now looks like it has only made a partial recovery, with no ability to return to its former highs.
After OpenAI’s results fell short of expectations, concerns about an AI bubble resurfaced in the market. And with tech giants recently calling for a slower pace of AI development, the market is no longer as bullish on AI and memory as it was before.
People used to say there would always be a memory shortage, but the outlook doesn’t look so optimistic now. South Korea is a key market to watch. Since being targeted by Wall Street short sellers, South Korea has seen large-scale foreign capital outflows. This makes it clear that South Korea has largely bet on the memory sector. With no major events to explain the outflows, this may be a sign that the memory cycle is nearing its end. South Korea’s average daily trading volume has also continued to shrink.
SanDisk looks bearish on the daily chart, and the weekly chart is weakening too. If it breaks below 1,500 this time, there could still be plenty of room to fall.
I think a spike at the open followed by a rebound is an opportunity for bears to get in—and the last chance for longs to get out. The winds of fortune change. Don’t be the one left paying for the final round of the tech party. Don’t choke on the last bite of the rally; stop being greedy.#以太坊现货ETF上周净流出5.42亿美元
The AI hype has been going on for a long time. After peaking in June and then pulling back, it now looks like it has only made a partial recovery, with no ability to return to its former highs.
After OpenAI’s results fell short of expectations, concerns about an AI bubble resurfaced in the market. And with tech giants recently calling for a slower pace of AI development, the market is no longer as bullish on AI and memory as it was before.
People used to say there would always be a memory shortage, but the outlook doesn’t look so optimistic now. South Korea is a key market to watch. Since being targeted by Wall Street short sellers, South Korea has seen large-scale foreign capital outflows. This makes it clear that South Korea has largely bet on the memory sector. With no major events to explain the outflows, this may be a sign that the memory cycle is nearing its end. South Korea’s average daily trading volume has also continued to shrink.
SanDisk looks bearish on the daily chart, and the weekly chart is weakening too. If it breaks below 1,500 this time, there could still be plenty of room to fall.
I think a spike at the open followed by a rebound is an opportunity for bears to get in—and the last chance for longs to get out. The winds of fortune change. Don’t be the one left paying for the final round of the tech party. Don’t choke on the last bite of the rally; stop being greedy.#以太坊现货ETF上周净流出5.42亿美元