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Korean stocks fell again today, the fourth time this month.
After a sharp drop in U.S. stocks last night, they quickly recovered. SanDisk $SNDK, Micron $MU, Marvell $MRVL , and NVIDIA $NVDA rose slightly pre-market today, but it's just a dead cat bounce.
The divergence between the Dow and Nasdaq continues to widen:
QQQ broke below its 20/50-day moving averages,
SMH broke below its 20/50-day moving averages,
$DIA $RSP remains stable above its moving averages.
AI semiconductor stocks are being sold off, while defensive value stocks are being picked up.
SK Hynix $SKHY will list on Nasdaq this week, the largest ADR in history at $29.4 billion.
Micron $MU has dropped 22% from its high. With the entire semiconductor sector breaking down and Korean stocks falling sharply, is ringing the bell now a bottom-fishing opportunity or catching a falling knife?
Either way, the fundamentals of the memory super cycle haven't changed. A pullback is actually an opportunity to build a position.
Many friends in the crypto space ask me what I use to buy U.S. stocks. Let me tell you about @BITstocks_CN, the smoothest U.S. stock platform for crypto users:
1. Direct deposit using USDT/USDC, no need for bank wire transfers or overseas bank accounts
2. Supports actual U.S. stock trading; you can buy SK Hynix $SKHY on its first trading day
3. Just launched margin trading, allowing you to leverage long positions
4. Crypto-style trading experience – zero learning curve for exchange users, with a trading experience consistent with mainstream brokers
5. Fast deposits and withdrawals, no need to wait for T+2 settlement
6. Supports all stocks on the U.S. main board, including $MU $NVDA $MRVL $GLW and various ETFs, full market broker liquidity, voting rights and dividends all included, and allows transfers to other brokers
7. Available for mainland China residents without overseas address proof, no CRS reporting
7. Safe and compliant, self-held license, directly connected to U.S. clearing and custody institutions, all transactions under SEC supervision; predecessor is the established asset manager Matrixport
Now there are three overlapping benefits:
1. New users depositing funds receive fee vouchers and LV1 market data, great for trying out U.S. stocks.
2. Alpha Hunter event: deposit + trade to get cash vouchers and $NVDA NVIDIA stock rewards. Yes, you read that right – free NVIDIA stock.
3. SK Hynix exclusive event: deposit to unlock protection funds, which can offset trading losses. Holding SK Hynix $SKHY stock also earns additional SK Hynix stock rewards. So losses are cushioned, and gains are amplified.
The three events can be stacked; deposit once to unlock all.
Last week's global semiconductor crash created a golden opportunity. Now market sentiment is starting to recover, making it the perfect time to build positions. Use USDT to directly buy Micron, SK Hynix, NVIDIA – no need to deal with banks and brokers.
The event link and registration link are in the comments~