---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42978128.md"
description: "Cyclical stocks tend to crash in the mid-to-late stages; they often fall when earnings are at their peak. SK Hynix is currently transitioning into a growth stock, so its valuation logic will be completely different.I originally expected the transition of SK Hynix from a cyclical to a growth stock to be bumpy, but I didn't anticipate it would be this volatile. Fortunately, I bought early and had always planned to hold it long-term until it becomes a 'senior' stock (stable/dividend-focused); otherwise, I really wouldn't have been able to endure this process."
datetime: "2026-07-28T04:24:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42978128.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42978128.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42978128.md)
author: "[ricky.sun](https://longbridge.com/en/profiles/15791394.md)"
---

# Cyclical stocks tend to crash in the mid-to-late s…


### Related Stocks

- [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md)
- [SKHYV.US](https://longbridge.com/en/quote/SKHYV.US.md)

## Comments (12)

- **长桥大道无形 · 2026-07-28T08:36:08.000Z**: What is the cost of SK Hynix?
  - **ricky.sun** (2026-07-28T13:36:32.000Z): 500 euros, now 928
- **韩立的交易员 · 2026-07-28T06:40:44.000Z**: If you don't participate in the decline, you will definitely miss out on the growth
  - **ricky.sun** (2026-07-28T06:50:47.000Z): Yes, we can only endure. If we could predict the ups and downs, we would become the richest person very quickly.
- **招财旺宝 · 2026-07-28T04:39:31.000Z · 👍 1**: It's hard to say if it's a growth stock; it seems the market still treats it as a cyclical stock.
  - **ricky.sun** (2026-07-28T04:41:13.000Z): Exactly, otherwise it wouldn't have fallen this much.
  - **招财旺宝** (2026-07-28T04:42:26.000Z): Google currently has no cash; if Microsoft or Amazon cut expenses, hardware prices will likely drop further...
  - **ricky.sun** (2026-07-28T05:17:23.000Z): I'm generally not this pessimistic, because doing so would cause me to miss the upside, leaving me with no choice but to chase the rally at the end.
- **Jack www · 2026-07-28T04:31:15.000Z · 👍 1**: 😅 I also expected this company to reverse from a cyclical stock to a growth stock; otherwise, I would have cleared my position in June. It's also a judgment of the cycle turning into growth. Looking for the market to offer a 20x PE, and then got beaten up like this.
  - **ricky.sun** (2026-07-28T04:35:24.000Z): The stock market is truly brutal for everyone; respect the market, and there are many who can't endure it.
- **Automatic · 2026-07-28T04:26:24.000Z**: Hold firm! Never sell.
  - **ricky.sun** (2026-07-28T04:32:59.000Z): It's not easy during a downturn~💪