【Last night, chip stocks crashed; Goldman Sachs explained the reasons clearly】

Last night, U.S. stocks for chips were hit across the board: SanDisk fell 11%, SK hynix fell 7.5%, and Nvidia fell 5%. Panicking? First, let’s see what Goldman Sachs said: the drop is not about earnings—financial reports remain strong. What’s driving the selloff is “pre-exam nerves.” On Wednesday, the rate decision meeting and the earnings reports from tech giants landed on the same day, and big money moved to the sidelines in advance. Also, leverage at hedge funds has already been reduced, and the Nasdaq’s valuation has returned to the lowest level since this AI rally kicked off. Put simply: scary, but not broken. This week’s big tests come one after another—we’ll watch them one by one with you. #SKHYNIX $SKHYNIX