Micron fell 3.88% on Monday, while SanDisk dropped 5.97%. Both stocks have fallen on six of the past seven trading days. Is it the share prices that are falling, or the cycle? Micron is now nearly 20% below its June high.
💬 现货价跟不跟着跌，点进群里等下一组数
At the same time, SK Hynix fell 9% and Samsung Electronics dropped 7. Foreign investors have been net sellers of South Korean stocks for a fifth consecutive trading day, with net sales of about $1.3 billion in the tech sector alone. Buybacks by Samsung and SK Hynix, worth a combined 55 trillion won, or about $40 billion, ended several weeks early, and the KOSPI has fallen more than 10% overall. On the competitive front, ChangXin Memory Technologies says it has made key progress in developing its next-generation 4F² DRAM architecture and plans to launch DDR5 RDIMM server memory by year-end. The industry fundamentals are still said to be strong, but investors are already pricing in a peak in earnings.
If spot prices and shipments of memory chips fall alongside share prices over the next few quarters, that would mean the decline is in the fundamentals, not the valuation—and this thesis would no longer hold.
💬 现货价跟不跟着跌，点进群里等下一组数
At the same time, SK Hynix fell 9% and Samsung Electronics dropped 7. Foreign investors have been net sellers of South Korean stocks for a fifth consecutive trading day, with net sales of about $1.3 billion in the tech sector alone. Buybacks by Samsung and SK Hynix, worth a combined 55 trillion won, or about $40 billion, ended several weeks early, and the KOSPI has fallen more than 10% overall. On the competitive front, ChangXin Memory Technologies says it has made key progress in developing its next-generation 4F² DRAM architecture and plans to launch DDR5 RDIMM server memory by year-end. The industry fundamentals are still said to be strong, but investors are already pricing in a peak in earnings.
If spot prices and shipments of memory chips fall alongside share prices over the next few quarters, that would mean the decline is in the fundamentals, not the valuation—and this thesis would no longer hold.