#股票交易分享挑战 Memory is no longer the market’s focal point
Whether in the A-share market or the U.S. stock market, this week it has become clear that memory is no longer the market’s focal point, and global stocks are no longer continuing to take their cues from memory stocks. In the past, a decline in SK Hynix would shake global technology stocks, but this phenomenon has recently disappeared.
From institutions lowering their target prices for memory stocks to NVIDIA’s Rubin continuing to reduce its memory allocation, memory remains a bottleneck for computing power, but the market narrative has changed. When a bottleneck cannot be overcome, more solutions will emerge. This is not to say that A-share memory stocks will no longer rise; stocks such as GigaDevice have also rebounded recently, although the rebound has been weaker than in the PCB sector.
Optical modules are facing repeated back-and-forth over FCC policies, and AI’s market focus has shifted back to PCBs. In fact, two PCB stocks did not see a significant pullback in July: Jingwang Electronics and Hongban Technology. Among computing-power stocks, the one without a significant pullback was Xingyun Technology.
Morgan Stanley, Goldman Sachs, and other institutions have sharply raised their forecasts for AI server PCB/CCL (2028 market sizes of $84 billion/$48 billion), which has a great deal to do with the increase in Rubin’s mass production. My guess is that the reduction in memory allocation is what has increased shipment expectations. This is simple math and needs no further explanation. Shipment expectations for Rubin’s other supporting components have also increased, and PCB now represents Rubin’s largest value component.
A prominent influencer continued to take a bearish view of the price-increase chain even after the plunge, but the rebounds in copper-clad laminate, electronic fabric, and other areas over the past four days have still been considerable, at least recovering last week’s losses. Although these sectors are expanding capacity, their future market sizes are expected to grow by more than 100%. The market is more balanced at this stage: innovative drugs, AI applications, AI4s, and other themes can all rise, while sectors such as other minor metals are also active.
Within AI technology, whether in terms of narrative or upside from current levels, PCBs should be considered first. Although memory stocks collapsed in the U.S. market last night, other optical communications stocks were affected by U.S. FCC policies, and the market still believes that these policies can benefit optical communications stocks in the U.S.
SPCX surged 15% and began to rebound. NVIDIA continued to rise, while cloud giants Microsoft and Amazon consolidated at high levels. The U.S. market as a whole also showed a pattern of falling memory stocks and sharply rising other themes.
The technology sector in the A-share market is now suitable for trading based on chart patterns. Many stocks have pulled back 50-60% from their highs in this move. Although they have rebounded by more than 20% from this week’s lows, they are still far from their highs. At this point, they have only recovered last week’s losses, so it is not credible to say that the rebound will end here. $SNDK
Whether in the A-share market or the U.S. stock market, this week it has become clear that memory is no longer the market’s focal point, and global stocks are no longer continuing to take their cues from memory stocks. In the past, a decline in SK Hynix would shake global technology stocks, but this phenomenon has recently disappeared.
From institutions lowering their target prices for memory stocks to NVIDIA’s Rubin continuing to reduce its memory allocation, memory remains a bottleneck for computing power, but the market narrative has changed. When a bottleneck cannot be overcome, more solutions will emerge. This is not to say that A-share memory stocks will no longer rise; stocks such as GigaDevice have also rebounded recently, although the rebound has been weaker than in the PCB sector.
Optical modules are facing repeated back-and-forth over FCC policies, and AI’s market focus has shifted back to PCBs. In fact, two PCB stocks did not see a significant pullback in July: Jingwang Electronics and Hongban Technology. Among computing-power stocks, the one without a significant pullback was Xingyun Technology.
Morgan Stanley, Goldman Sachs, and other institutions have sharply raised their forecasts for AI server PCB/CCL (2028 market sizes of $84 billion/$48 billion), which has a great deal to do with the increase in Rubin’s mass production. My guess is that the reduction in memory allocation is what has increased shipment expectations. This is simple math and needs no further explanation. Shipment expectations for Rubin’s other supporting components have also increased, and PCB now represents Rubin’s largest value component.
A prominent influencer continued to take a bearish view of the price-increase chain even after the plunge, but the rebounds in copper-clad laminate, electronic fabric, and other areas over the past four days have still been considerable, at least recovering last week’s losses. Although these sectors are expanding capacity, their future market sizes are expected to grow by more than 100%. The market is more balanced at this stage: innovative drugs, AI applications, AI4s, and other themes can all rise, while sectors such as other minor metals are also active.
Within AI technology, whether in terms of narrative or upside from current levels, PCBs should be considered first. Although memory stocks collapsed in the U.S. market last night, other optical communications stocks were affected by U.S. FCC policies, and the market still believes that these policies can benefit optical communications stocks in the U.S.
SPCX surged 15% and began to rebound. NVIDIA continued to rise, while cloud giants Microsoft and Amazon consolidated at high levels. The U.S. market as a whole also showed a pattern of falling memory stocks and sharply rising other themes.
The technology sector in the A-share market is now suitable for trading based on chart patterns. Many stocks have pulled back 50-60% from their highs in this move. Although they have rebounded by more than 20% from this week’s lows, they are still far from their highs. At this point, they have only recovered last week’s losses, so it is not credible to say that the rebound will end here. $SNDK
