$DRAM This ETF is down 43%, but some people are going crazy for bargain buying—how should we look at it?
Brothers, this DRAM storage ETF has fallen 43% from its peak. During the day today it’s still hovering around 43–46, and the whole storage sector is basically a sea of red
But there’s one piece of data that’s pretty interesting: over the past month, net inflows into the DRAM ETF have exceeded $7.4 billion. Retail and institutional money have been pouring in. On one side the stock price is crashing, and on the other side funds are疯狂 buying—this contradiction is off the charts
Why is it falling? Mainly for three reasons:
First, SK Hynix’s earnings fiasco dragged down the entire sector. The strongest earnings in history (revenue 79 trillion won, profit 60 trillion won—both hitting record highs), but it didn’t meet Wall Street’s most optimistic expectations. The market immediately sold off hard: Korean stocks dropped 16% in two days, and SK Hynix fell nearly 20% in a single day
Second, faith in AI is starting to wobble. The market is beginning to question whether cloud service providers like Microsoft and Google can keep burning money to push AI projects. Moody’s even issued a warning that AI infrastructure is eroding these companies’ free cash flow
Third, the listing of CXMT Storage and profit-taking outflows. China-based manufacturers’ IPOs sparked fears of supply oversupply, combined with the enormous profit-taking after the stock had risen more than 50 times earlier—both hit at once, and the selling came down hard
But on the other hand, there are people buying like crazy
JPMorgan’s latest report says this correction isn’t a collapse in fundamentals—it’s an adjustment driven by extreme positioning and sentiment. Over the past few weeks, value stocks have outperformed growth stocks by more than 15 percentage points. This kind of historical-level style rotation actually suggests the selling may be close to the end. SK Hynix’s HBM capacity has already been sold out until 2027, and Samsung expects the chip shortage to last until 2028
In terms of trading: right now, the disagreement between bulls and bears is huge at this level. If you want to bargain buy, do it with a small position and set your stop loss below 43. If you want to wait, wait for signs of stabilization—only consider it if it can stand above 46 on increased volume. Don’t go all-in—this kind of market volatility is really big
#海力士 #Drama #AI存储 #存储