The market may have priced in the wrong failure mode for SK hynix Korea’s customs data has effectively closed the quarter before earnings (reports 29 July). Memory exports hit a record June, +57% QoQ. Yet memory stocks sold off sharply in July as the market priced an industry demand break. We think the disagreement is elsewhere: DRAM price realization, not demand. That single variable is likely to decide the earnings print. We published our house view on $SKHY before the print. Full note for Pro users: https://t.co/vxkFNzbZCp
View on X ↗