This Monday’s move in memory stocks started in Seoul.
Last Thursday, SanDisk plunged 22% in a single day, the steepest drop in the S&P 500. The market is worried that data center approvals could tighten after the midterm elections, and Qualcomm said rising memory prices are weighing on revenue from phone chips.
▪️ The $SNDK contract fell from 1,173 on November 1 to 837 on Friday, down about 29% for the week, with almost no rebound over the weekend
▪️ Hynix shares in Korea rose more than 4% at one point today. Foreign investors have been net sellers for 7 straight days; this time, institutions and retail investors are stepping in
▪️ The $SKHYNIX contract rose 3.6% today to 870, while the SanDisk contract was up just 2.3%
My take: This move in Seoul looks more like a rebound after an overly sharp drop. The real test comes when U.S. markets open tonight.
Is the cycle peaking, or was this an emotional overreaction? Which side are you on?
#存储芯片 #美股 #SK Hynix
Last Thursday, SanDisk plunged 22% in a single day, the steepest drop in the S&P 500. The market is worried that data center approvals could tighten after the midterm elections, and Qualcomm said rising memory prices are weighing on revenue from phone chips.
▪️ The $SNDK contract fell from 1,173 on November 1 to 837 on Friday, down about 29% for the week, with almost no rebound over the weekend
▪️ Hynix shares in Korea rose more than 4% at one point today. Foreign investors have been net sellers for 7 straight days; this time, institutions and retail investors are stepping in
▪️ The $SKHYNIX contract rose 3.6% today to 870, while the SanDisk contract was up just 2.3%
My take: This move in Seoul looks more like a rebound after an overly sharp drop. The real test comes when U.S. markets open tonight.
Is the cycle peaking, or was this an emotional overreaction? Which side are you on?
#存储芯片 #美股 #SK Hynix