8 Min Read
Micron guided to $61.5B in first-quarter revenue and said supply will stay tight into 2028. But its 86.25% margin guidance fell short of investor expectations; the stock slipped 0.8% after hours, and SanDisk and Western Digital edged lower.
MU · Since The Event− 15.15%Read8 Min Read
Solidigm, the unit SK Hynix bought from Intel for about $9 billion in 2020, has met banks about a 2027 Nasdaq listing. Korea's new rules also cover overseas IPOs, and Seoul reacts on Monday after the holiday.
8 Min Read
FTSE Russell redrew its style rankings in June: 45.8% of Apple's market cap and exactly half of Microsoft's were assigned to the value index. The three megacaps' combined weight rose from 1.9% to 16.2%, while the year's best-performing memory stocks dropped off the list entirely.
7 Min Read
OpenAI introduced GPT-6 Astra, which can work for hours unattended, on September 3. Four days later memory makers flew in Seoul, bought by foreign and institutional investors and sold by retail.
9 Min Read
Ken Griffin told investors on Friday that more than 80% of the risk in the portfolio he acquired in late July has been unwound. Roughly 100 block trades, $4 billion in market value, three weeks.
MU · Since The Event− 7.25%ReadJune, before the forced saleEarly August, after the sale
9 Min Read
Wall Street's most profitable trading firm lost roughly $15 billion in July, and the figure surfaced not in a filing but in a loan negotiation. In the same week it retired its public debt and replaced it with $14.6 billion of notes sold privately.
9 Min Read
The U.S. Commerce Secretary told The Wall Street Journal plainly that the administration opposes Apple buying memory from Chinese manufacturers. But one of the two suppliers is not even blacklisted, and the blacklist does not forbid that purchase anyway.
10 Min Read
At its investor day SanDisk set a gross margin target of 80% — below the 84.6% it just reported. The market read that not as bad news but as the price tag on a $93.9 billion contract book.
10 Min Read
Cisco posted the biggest quarter in its history and lost $41 billion of market value in a day. Memory makers surged in the same session. Both moves traced back to the same number.
10 Min Read
Western Digital beat estimates, guided above consensus, and fell 16%. SanDisk posted a record margin and fell 11%. What the market sold was not the quarter — it was the slope of the price curve behind it.
10 Min Read
China's largest memory chipmaker began trading in Shanghai on July 27 in a record IPO and closed its first session up 466%. Seven days later came word that it was negotiating a second plant in Beijing, and the entire memory shelf, from Micron to Seagate, sold off.
10 Min Read
Situational Awareness closed the first half of the year up 439% after fees. Four days later every listed position it owned — long and short alike — was sold to Citadel in a single block. What broke was not the thesis. It was the way the thesis had been financed.
+2MU · Since The Event+ 22.29%Read9 Min Read
Korean retail investors rode AI memory demand with leverage and were liquidated en masse in July. The finance minister apologised in parliament.
