Did the most dangerous signal for storage show up?

Industry tailwinds are still there, profits are still growing, but the stock price can’t keep rising anymore.
Today, the Korean market crashed outright.
Samsung Electronics fell nearly 9% at one point, SK Hynix dropped more than 11%, and the entire AI hardware sector was collectively dumped.
There wasn’t a sudden industry negative catalyst; the market simply started repricing “AI faith.”
In the past few months, storage price hikes, HBM shortages, and an explosion in demand for AI servers—these logics have almost become consensus.
When everyone is betting on the same direction, the stock price needs to keep beating expectations to hold.
Once rate expectations heat up, liquidity tightens, or earnings only meet expectations, these become the first to be smashed.
So now it’s important to distinguish two phases:
Valuation correction—AI demand and the storage cycle are still strong; a pullback could actually create opportunities.
Logic reversal—demand starts falling, inventories build up again, and prices can’t rise; then you need to reassess the entire round of the rally.
Right now, I lean more toward the former, but I won’t rush to catch the falling knife.
U.S. markets are still set to open tonight—whether Micron and other semiconductor stocks can hold up is still unknown.
No action tonight. The stock market has its doors open every day—there’s no need to bottom-fish every time it drops.