Hynix has fallen below $1,000.

Seeing large holders already starting to feel tense.
Another round of rapid plunging is coming.
The leverage will be cleared almost by then.
Earlier, when Hynix released its earnings report, its actual revenue and profit were pretty good.
But because it didn’t meet market expectations, the price didn’t rise—it fell instead.
This shows that the valuation for AI hardware has been priced perfectly, with zero tolerance—any slight flaw will trigger the market to rush ahead.
It’s like someone who’s been defined perfectly: if they don’t meet expectations as a “good person,” they instantly become a “bad person.”
But one thing remains: the moat in storage is still there. Hynix’s net profit hit a historical high of 93.9 trillion, showing that pricing power is still in its own hands. So this drop isn’t because the fundamentals have turned bad; it’s because things got too crazy beforehand. This is due to an overly sensitive and fragile short-term liquidity environment, leading to short-term valuation compression and spillover selling pressure.
In cases of such extreme, highly consistent downside, it’s often an accelerant for a washout.
After one more rapid selloff, things can basically stabilize.
Where the price bottom is, I don’t know! But if you often watch the order book, you can catch the signals.
Take a look at tonight’s Fed rate decision and the guidance for ——.
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