Memory stocks got smacked today after China's CXMT announced plans to launch next-gen DDR5 server memory by year-end, using a new DRAM design that shrinks cells ~30%. $MU slipped back under $1,000 and $SNDK dropped over 5%.
I get the nerves — server memory has been $MU and the Korean players' turf. But this feels like headline noise for now. A launch target isn't the same as hitting good yields and passing qual with hyperscale customers. That process takes time.
Not panicking on $MU, but I'm also not rushing to buy the dip after the run it's had. Watching whether it holds around $1,000, plus CPI Wednesday and $TSM earnings Thursday. If $MU breaks structure below $980, I'll step aside. If it reclaims $1,020+ on volume with clean CPI/TSM prints, I'll look at calls. Right now, it's a wait-and-see — no edge forcing it.
I get the nerves — server memory has been $MU and the Korean players' turf. But this feels like headline noise for now. A launch target isn't the same as hitting good yields and passing qual with hyperscale customers. That process takes time.
Not panicking on $MU, but I'm also not rushing to buy the dip after the run it's had. Watching whether it holds around $1,000, plus CPI Wednesday and $TSM earnings Thursday. If $MU breaks structure below $980, I'll step aside. If it reclaims $1,020+ on volume with clean CPI/TSM prints, I'll look at calls. Right now, it's a wait-and-see — no edge forcing it.