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The storage sector now basically has very little volatility, but trading volume still ranks among the top. It feels like Hynix's trend is somewhat similar to SpaceX's before, where after extreme deleveraging ended, both bulls and bears exited, entering a high turnover + low amplitude accumulation phase. Although the narrative bubble has burst, the fundamentals of Samsung, Hynix, and Micron are indeed solid, especially compared to SpaceX, which has a real profit anchor. Against the backdrop of AI's rapid development, even if we can't say storage will always be in shortage, demand remains strong, especially for HBM and server DRAM, which are indeed in tight supply. NAND supply might be the first to start improving in the future. So the growth ceiling for the three major memory makers should actually be higher than SanDisk's. Currently, Hynix's common stock at 1,420,000 KRW/1000 USD seems to have a decent cost-performance ratio, so I opened a long position again to hold some, while ADRs have a premium, and I don't know when they might suddenly be leveled out. Psychologically, shorting ADRs feels more secure than going long, so I first go long on the common stock. Generally, extreme market conditions last about two weeks, so now positioning for recovery has a much higher success rate than betting on further declines. $SKHYNIX $SNDK #AIInfraEarningsWatch #CPIToResetFedBets #AIInfraFundingDiverges