SK Hynix has dropped below $1,000. Seeing big players starting to show signs of nervousness. One more rapid plunge, and most of the leverage will be wiped out. This morning, SK Hynix released its earnings report. The actual revenue and profit are pretty good, but since it missed market expectations, the stock didn’t rise—instead, it tanked hard. This shows that the valuation of AI hardware has been perfectly priced in, leaving zero margin for error. Even the slightest flaw triggers a market sell-off. It’s like a person who’s been perfectly defined—if they don’t meet expectations as a “good person,” they instantly become a “bad person.” That said, SK Hynix still has its moat in the storage sector. Its net profit hit a historic high of 93.9 trillion won, which shows it still holds pricing power. So this drop isn’t due to a fundamental issue; it’s because things were too crazy before. The short-term liquidity environment is overly sensitive and fragile, leading to temporary valuation compression and cascading sell-offs. This kind of extreme, synchronized decline often acts as an accelerator for shakeouts. One more rapid sell-off, and things should stabilize. Where’s the price bottom? No idea! But if you keep an eye on the market, you’ll catch the signals. Let’s see tonight’s Fed interest rate decision and the guidance from the bedroom. #SKHY #MAmerica #NDK