The July 1 plunge was not a flight signal. It was a liquidity flush, a position reset. It offers those investors who missed the earlier opportunity to get into the chip sector.
The memory supercycle is real and is still early. HBM demand is growing faster than GPU demand. SK Hynix and Samsung are sold out into 2027. $Micron Technology(MU)$ HBM3E is also backlogged.
This is not a bubble behaviour. It is actually a supply constrained growth.
It is actually a great time to go bargain hunting especially in $Micron Technology(MU)$ and $Roundhill Memory ETF(DRAM)$.
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