$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ Some kind of catalyst will likely be needed to break the downward momentum. Not sure the tech rout is ready to throw in the towel just yet. It wouldn't be surprising if the selling continues in the near term.
$Micron Technology(MU)$ Shorts got this back to where it was 3 days ago. For the bulls, it turned into a pretty rough day. I don't expect much movement on a Friday heading into election week, so it feels like a wait-and-see situation for now.
$Micron Technology(MU)$ SK Hynix will be aggressively buying back cheap shares, and Micron will follow suit as soon as CHIPS Act restrictions expire December 9th.
$SK hynix(SKHY)$ Koreans don't play small, they play on a galactic scale. SK Hynix's reported margins are approaching 80%. Then look at the long-term investment plans: Samsung ~$1.7T SK Hynix ~$740B TSMC ~$265B Micron $250B+ Tesla/SpaceX Terafab potentially $100B+ Different technologies and timelines, of course. But SK Hynix's ~$400B Yongin complex is already under construction. Physical AI, robotics, agentic AI, space computing, biotech discoveries... all demanding more chips, memory and compute. Nobody knows how big demand could become by 2030 and beyond. If this isn't one of the strongest signals of where AI is heading, I don't know what is. There's a lot of money flowing into South Korea right now. The real hurricane might still be coming