SanDisk -11%, Micron -10% ($724), WDC -8% ($476), QCOM -7%. The Korea memory complex just got smoked in one session.
🔥 Why it dumped:
1. Hot US inflation print → bond yields up → growth multiples compress
2. Korean policy chief floated a ” citizen dividend“ tax on chip excess profits 👀
3. Google TurboQuant headlines → ” do we need less memory for AI?“
4. Profit-taking — SNDK was +552% YTD, WDC +200%, MU +179% going in
💭 My read: This is a ROTATION, not a thesis break. HBM is still SOLD OUT for 2026. But after a run like that, you don‘t need bad news — you need ANY excuse.
Memory Chip Selloff — How Do You Read It? 🚨
Single Choice
- Healthy profit-taking after a parabolic run50%
- Early signs of a cycle peak in memory0%
- Macro-driven noise, one-day shake-out16%
- Watching — need more data first33%
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