Direxion Daily SK Hynix Bull 2X ETF

SK Hynix ADRs down around 13% and it reports next week on the 22nd. the whole memory complex is pricing in a glut that the HBM numbers just do not show yet. i play the group through the basket $Roundhill Memory ETF (DRAM.US)$ so no single 13% session wrecks me. the SK Hynix earnings on the 22nd will either confirm the shortage or the bears win. holding into it, not chasing.

I foresaw the market would decline, but I didn't expect it to happen in July. It came so quickly, and the front-running behavior was so severe. Never try to outsmart the market; just be like Forrest Gump. If you've bought in, just hold on; it will definitely come back. If you can't hold a stock, you shouldn't hold it for even a minute.

Based on @Fattycat for this news, the borrowers are the most challenged. Though invest in AI will help, too much of it will hurt companies and the people.

Markets at new highs with leaders getting sold is a classic late-cycle signal. If enterprises pause AI spend because ROI isn’t there yet, memory orders get cut first. Cooler inflation also means less urgency for risk. This -9% could be the first crack before a deeper semi correction.

Tech is having a great discount. So many goodies on sale. It’s amazing how sentiments are. Who dares wins. Do you dare?

The buying opportunity everyone is waiting for is here at last. Selling off because ‘spending more to meet demand’. Isn’t demand a good thing? The market is quite short sighted some times but then again narratives are just constructed to explain markets which actually do its own things.

Market sell-off is not the only thing continuing into the weekend; the US-Iran war is too. South Korea's margin plays backfire for their traders and some are even forced to liquidate their accounts to stop the losses. This effect spirals into the US market as well, causing many big names and high beta stocks to drop massively. Heading into earnings season, we have also seen barely hitting analysts' expectations is not enough - investors are pricing in not just the fundamentals but also the future forward guidance.

some numbers to lift the mood:

Amundi target gold to be US$5000 by year end; Macquarie sees STI at 6000 in 1 yr (UOB's target 5400 already exceeded);

DBS expects crude oil to cap around US$80.

* TSMC's strong results reaffirm that AI demand remains resilient despite the market's negative reaction

* Chip selloff looks more like broad profit-taking after a strong rally than a deterioration in fundamentals

* Key support levels will determine whether this is a healthy pullback or a deeper correction.

* Focus on volume and price action rather than reacting to headlines alone

* Staying on the sidelines until buying momentum returns and the trend is confirmed remains the prudent approach

* The long term AI trend remains intact unless major support levels are decisively broken

* Keeping Nvidia, TSMC, SK Hynix and Broadcom on my watchlist for potential buying opportunities when the technical setup improves

I’m glad I exited my small gold position at a loss. If I had held on, I would be even worse off now. While some people believe in holding a bit of gold for diversification, I don’t think it works for me as it doesn’t pay dividend.

I see this selloff as the market reacting to expectations rather than deteriorating fundamentals. TSMC delivered an excellent quarter and raised its outlook, which tells me AI demand remains very strong. The higher capex may pressure near-term free cash flow, but it also signals management has confidence that customers will need significantly more capacity.

For me, the sharp decline in memory stocks like Micron and SK Hynix feels more like profit-taking after a huge rally than a change in the long-term AI story. If AI infrastructure spending continues to grow, demand for advanced memory and packaging should remain strong over the next few years.

I'm not rushing to buy all at once, but I'd be happy to gradually accumulate quality semiconductor names during periods of weakness. As long as the long-term investment thesis hasn't changed, volatility is something I prefer to use to my advantage rather than fear.

Giant Chips maker produced good results but also wrecked by trader. Rockets related counters are also wrecked by traders. what sector next?

the upbeat of new stock is high but the fall is greater. due to so many unknown, only true investors will prevail over time. hit and run investors is only short term gain

What is the rate of return for these capex investment. I believe market will start to realise it. The recent bleed in chips stock has a lot to do with over leverage and valuation. It is time for market to correct.

There is also other factor that contributes to chip stock to drop. I doubt many people notice it.

South Korea’s rate hikes affect both the chip boom and local borrowers yesterday.

I guess borrowers are the one who feel the painful impact, especially variable-rate mortgages and leveraged positions. These may have a rippling effect to other chip stocks.

Watch out. Today is Friday . Invest wisely .

Appetite for the memory trade is still super high:

$Roundhill Memory ETF(DRAM.US)is a concentrated fund tracking memory chipmakers, with heavy weights in SK Hynix (~24%), Samsung (~25%), and Micron (~24%). It serves as the main pure-play vehicle for the DRAM/HBM sector driven by AI infrastructure demand.

In mid-July, it dropped sharply. On July 13, SK Hynix shares in Seoul plunged more than 15%, its largest one-day decline in nearly two decades, dragging South Korea’s Kospi down ~9% (triggering a trading halt). US ADRs fell ~8%, peers like Micron dropped 6%+, and the $Roundhill Memory ETF(DRAM.US) saw multi-percent declines amid sector selling. This followed SK Hynix’s blockbuster Nasdaq ADR debut around July 10, which raised over $26 billion and initially fueled enthusiasm.

The main triggers were profit-taking and nuanced guidance rather than collapsing demand. After a parabolic rally earlier in 2026 (the ETF had roughly doubled in weeks at one point on AI memory enthusiasm), investors took gains post-listing. SK Hynix faced analyst revisions on near-term expectations. Key factors included a shift toward multi-year Long-Term Agreements (LTAs) with customers, which stabilize revenue but moderate the aggressive near-term price-hike assumptions previously modeled on spot volatility. SK Hynix’s much higher HBM (High Bandwidth Memory for AI) exposure, around 58% of recent revenue versus lower shares at peers, meant it benefited less from the recent surge in conventional DRAM prices. There was also some caution around the pace of HBM4 ramps. Broader worries about new capacity coming online in 2027–2028 potentially easing the current supply crunch added pressure, alongside high valuations and questions about AI capex durability across semis.

@Captain's Treasure