Trump called Micron $MU "one of the HOTTEST anywhere in the World" today, but the stock first rose and then fell.



SK Hynix $SKHY will list on Nasdaq on July 10 and report earnings on July 29, but it also plummeted today.

What's been happening with tech stocks lately?

1. Antitrust lawsuits are hammering the market
2. CEOs selling at the high
3. PE has gone from 8x to 15-20x, making it too expensive
4. Risk reassessment

SK Hynix $SKHY will definitely rebound before its U.S. stock listing on July 10, as passive funds are forced to buy. But the July 29 earnings report is what really matters; if they don't beat expectations, it will continue to dump.

Tech stocks really feel wrong right now—CEOs are selling, Trump is calling them out, but they're not going up.
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