Despite Trump's two effusive praises of Lightning today, the memory chip market's decline could not be reversed; MU fell below the $1,000 mark, and SanDisk dropped by over 10%.
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Counterpoint: Despite recent stock price corrections, the fundamentals of memory chips remain solid.
According to Mars Finance, on July 7th, MS Hwang, Director of Counterpoint Research, stated that the recent stock price pullback of memory chip manufacturers does not signify a fundamental shift in the memory chip market. Samsung Electronics fell 6.9% on Tuesday, and SK Hynix fell 6.1%, despite Samsung expecting another record-breaking quarter driven by strong demand. Some investors may believe that much of Samsung's upside potential, driven by expectations of improved profitability, has already been priced in. He said, "Recent strikes and political discussions surrounding profit sharing may also raise concerns about future shareholder returns." However, he pointed out that the fundamentals of memory chip manufacturers remain solid. According to Counterpoint's July memory chip price tracking report, DRAM prices are expected to rise 10%-20% in the third quarter, higher than its initial forecast of 5%-10%, as customers continue to place orders ahead of schedule.
Despite the chip stock crash, global institutions are snapping up SK Hynix as Nasdaq welcomes a mega-IPO.
According to BlockBeats, on July 8th, SK Hynix's approximately $28 billion American Depositary Receipt (ADR) offering was oversubscribed several times before pricing, with about 1,000 institutional investors participating in the roadshow, attracting active subscriptions from global long-term funds and technology investors. If successfully completed, this offering will be one of the largest IPOs by a foreign company in the US, and the company is expected to list on the Nasdaq Global Select Market this Friday. Despite recent volatility in the global semiconductor sector, with SK Hynix's share price falling by about 17% this month, institutional enthusiasm has not been significantly affected. Market analysts believe that US investors have relatively scarce investment channels for the South Korean memory chip leader, and the scarcity premium and long-term growth expectations related to AI continue to support this offering. Jung In-yoon, Global CEO of Fibonacci Asset Management, stated that market volatility "may affect short-term investor sentiment or execution timing, but I would be surprised if it substantially interferes with the trade itself. Unless market conditions deteriorate significantly from here on out, the pricing impact should be manageable."
Polymarket launches Bitcoin Lightning Network instant deposits and integrates the Spark protocol.
BlockBeats reported on July 8th that prediction market platform Polymarket announced support for instant, self-custodied deposits via the Bitcoin Lightning Network, powered by the Spark protocol. Compared to the previous on-chain deposit method, which required 3 to 6 block confirmations and took approximately 10 to 60 minutes, the new solution achieves near-instantaneous deposits, lowering the deposit threshold and transaction costs. According to reports, Spark performs checks for double-spending risk, fees, and Replace-by-Fee (RBF) during transaction broadcasting, achieving "zero-confirmation" deposits. It also supports on-chain, Lightning Network, and stablecoin payment channels, eliminating the need for the platform to operate its own Lightning Network nodes. Polymarket stated that this move will further improve the efficiency of Bitcoin users' fund utilization and enhance its competitiveness against rival Kalshi.
Analysts are concerned that the memory chip sector may repeat Nvidia's pattern of "new highs in fundamentals, sideways stock price."
According to an article published on the X platform by Odaily researcher Jukan, market expectations for the memory chip sector are currently at a high level. Regardless of whether earnings reports exceed expectations, stock prices may face pressure. If earnings exceed expectations, the market may worry that the industry cycle has peaked; if earnings fall short of expectations, it may be interpreted as the end of the memory chip boom cycle. Jukan also expressed concern that the memory chip sector might repeat Nvidia's previous pattern of "continuously record-breaking fundamentals, but a prolonged period of sideways stock price," meaning that while corporate profits continue to break records, the stock price performance is relatively lackluster because market expectations have already been fully priced in.
US chip and memory stocks rebounded in pre-market trading.
Mars Finance reports that US-listed chip and memory stocks rebounded in pre-market trading. SanDisk, Western Digital, and Seagate Technology rose over 5%, while Micron Technology gained over 3%. (Cailian Press)
Memory chip concept stocks opened sharply higher, with Jiangbolong rising over 10%.
According to Mars Finance, memory chip concept stocks opened sharply higher this morning, with Jiangbolong rising over 10%, followed by CECPORT, Biwin Storage, Langke Technology, Puran Technology, and Shannon Semiconductor. On the news front, on the evening of July 3rd, Jiangbolong, a leading stock in the memory chip sector, released its earnings forecast, projecting net profit attributable to shareholders of 9.2 billion to 11 billion yuan for the first half of 2026, representing a year-on-year increase of 62,204%-74,394%. Furthermore, industry insiders confirmed that the news of Samsung's plan to raise DRAM prices by 20% in the third quarter is true, and Samsung has already verbally notified some customers of the price increase. (Cailian Press)