Last night, those chasing the rally were still celebrating, but those opening the market today have already started doubting life. Who exactly is controlling the rally of SanDisk, Micron, and SK Hynix this time? In just two days, the AI storage sector has experienced a wild roller coaster. After the U.S. stock market opened last night, storage stocks like Micron and SanDisk collectively surged. When the Korean market opened today, SK Hynix also followed with a strong rally. Capital is once again betting on a logic: the expansion of AI data centers is not over yet, tech giants like Microsoft are still increasing investment in AI infrastructure, so demand for HBM, high-end DRAM, and enterprise storage remains robust. But the story quickly reversed. After the U.S. market opened tonight, memory stocks that had just been reclaimed by capital showed a significant pullback. In fact, this is not really about "who is manipulating" but rather the market undergoing an intense repricing. A few days ago, the market was worried: is AI capital expenditure too crazy? Can the giants who are spending so much money really get enough returns? So capital first poured into chips and storage. But after Microsoft's earnings report came out, the market found that AI investment had not cooled down significantly, and cloud business growth remained strong, so capital quickly bought back in. However, after a rally, another question emerged: AI demand is indeed strong, but have these expectations already been priced into the stock? So now, SanDisk, Micron, and SK Hynix are trading not just on "whether AI demand exists," but are playing a bigger game: How long can the AI supercycle really last? The bulls see continuously increasing data center and HBM demand. The bears see high valuations, high expectations, and any slight miss could trigger large fluctuations. That's why the market has been so extreme these past few days. It's not that the market lacks direction, but both sides are holding their own answers while competing for shares. What will truly decide the direction next may not be daily price changes, but whether subsequent memory prices, orders, and AI giants' capital expenditures can provide new evidence. After all, the market is no longer blindly buying just because it sees the word "AI." Now everyone is asking: Where exactly is the AI money finally flowing? $SNDK $SKHYNIX

No way, Sandisk bro? Is it really such a coincidence? $SNDK

Let's talk about two things Apple's sharp drop and the rebound of storage semiconductors Actually, there's not much to say about Apple's latest quarter; revenue, profit, and iPhone sales were all good, even exceeding market expectations So why did the stock price still fall? The reason is not complicated. What people are looking at now is no longer how much Apple earned this quarter, but whether it can continue to surprise next quarter. Apple's growth forecast was slightly below Wall Street's original target, so the market saw it as just okay and sold off first $AAPL This is the most interesting part of earnings season Whether the results are good is one thing, but whether they can be better than expected is another Now let's look at semiconductors and storage Micron, SanDisk, Hynix — today's move follows a completely different logic Yesterday they were heavily sold off by the market, but today they suddenly rallied together. A very important reason behind this is Microsoft's earnings $MSFT Microsoft's AI capital expenditure is still ongoing, and Azure's growth hasn't noticeably slowed. The market was originally worried that AI giants spending so much money might start to think it's not worth it Unexpectedly, Microsoft's current answer is: the money still needs to be spent, and it's worth it! So upstream players like Micron, SanDisk, and Hynix naturally have a story to tell again $MU Especially the memory and storage segment, which has already been hyped by the market for a long time due to AI demand and supply tightness expectations. After such a sharp drop yesterday, Microsoft's boost today caused short sellers to cover and funds to scramble back in, making the rise particularly fierce So today's market looks scary Apple's side is "great performance, but the future isn't that surprising," so the stock price still falls On the chip side, it's "AI still needs to keep burning money," so Micron, SanDisk, and those selling the shovels are happy As expected, no matter what the hype or market, it's always good for those selling the shovels haha The market now increasingly seems to be picking narratives AI isn't failing, but it's starting to distinguish who can really make money from AI and who is just mindlessly throwing money into it As for whether this wave of memory stocks can continue, it depends on whether there are new narratives to follow up on Microsoft's boost

The probability of a rate hike in September has already risen to 63% Is there not much time left for the market? The 3 dissenting votes are not just a warning, but a ringing bell. For the first time since 2016, three voting members cast rate hike votes on the same resolution. The number doesn't say much, but the attitude says everything: the Fed's internal divisions are no longer private discussions but are now written on paper. Wash said at the press conference: "This is just the beginning of policy adjustments." This sentence is ten times more important than the resolution itself. The market has understood, and JPMorgan even brought forward the rate hike expectation to December this year. Then there is the PCE data tonight. If the PCE exceeds expectations, the probability of a September rate hike could directly break through 70%. The crypto market's brief rebound window may be shorter than expected. #美联储三票主张加息，今晚PCE成新看点

Kind-hearted people, please help, save $SNDK $MU $SKHYNIX 😭