The South Korean stock market has gone crazy, with the index soaring over 17%, ushering in a massive bullish surge! The two core giants, $SAMSUNG and $SKHYNIX, both surged more than 20%, with SK Hynix approaching a 30% increase and Samsung Electronics also up 28%, sweeping away the gloom! Many people have finally seen significant recoveries, with recent losses recovered in just one day; only those who were liquidated are crying right now! It might be better not to look, but if you do, you'll probably feel even more frustrated. Such extreme market conditions are hard for anyone to grasp! Yesterday, everyone rushed to cut losses, and today they regret being too slow. The surge in Korean stocks is actually closely related to the U.S. Why do I say that? This round of Korean stock surge hit the AI boom perfectly. Global AI demand has skyrocketed, and memory chips have ushered in an epic opportunity. South Korea's Samsung Electronics and SK Hynix hold 70% of the global market share, making huge profits! Therefore, their stock prices have also experienced an epic surge. Before July, everyone was optimistic about AI, with no doubts about technology. Plus, in May, South Korea launched multiple 2x leveraged ETFs, directly pushing the stock market to a climax. Everyone borrowed money to trade stocks; investors almost put all their available funds into stocks. From the perspective of Korean investors, this AI rally is a historic opportunity, and after this wave, they can retire! South Korean residents believe that working has lost its meaning, so everyone entered the stock market, pushing it to historic highs! However, the Korean stock market is different from our A-shares; foreign capital accounts for over 30%, and by the end of June, foreign ownership exceeded 36%, mainly from U.S. funds. For Samsung Electronics and SK Hynix stocks, foreign ownership reached as high as half at peak times, controlling market trends. At the end of June, the U.S. started voicing concerns about a large AI bubble and announced plans to reduce AI investments. Coupled with major U.S. short sellers targeting Micron Technology, this triggered a global sell-off in AI tech stocks. At this moment, unaware Korean investors rushed into the market, becoming the foreign capital's bag holders, while these foreign investors frantically cashed out at the top, taking away decades of hard-earned achievements from this generation of Koreans! By mid-month, it was already reported that over 300,000 Korean investors were liquidated, and by yesterday, this number has surely grown. Those liquidated investors missed their chance to turn things around. At this point, a reminder: do not trade stocks with leverage, especially adding leverage at high levels. Once you make a mistake, you won't get another chance!

Look at how much these semiconductor companies have retraced in the past two months? $SNDK $SNDK

Breaking: A stranger was found playing games with passersby on the streets of Seoul $SKHY $SKHYNIX

Hasn't there been constant talk over the past year or so that Microsoft $MSFT is doomed? Microsoft just released a stunning earnings report, surging 9% after hours. Satya Nadella tweeted, and Elon Musk congratulated them. Satya Nadella's own interpretation: ———————————————— We just finished the earnings call. This fiscal year, Microsoft achieved its best performance ever, ending on a very strong note. - Total annual revenue: $331 billion, up 18% year-over-year - Microsoft Cloud overall revenue: $214 billion, up 27% year-over-year - Azure cloud services revenue: $100 billion, soaring 41% year-over-year Even broader growth opportunities lie ahead!

Here's a ghost story SK Hynix's latest market value is ¥4.38 trillion. Meanwhile, Changxin is ¥3.5 trillion. In other words, if SK Hynix drops for one more day tomorrow and Changxin rises for one more day, SK Hynix could become cheaper than Changxin. ps: SK Hynix's revenue is more than 7 times that of Changxin $SKHY

SK Hynix will disclose its Q2 financial report on July 29. According to forecasts from 14 domestic Korean securities firms, SK Hynix's sales for April to June this year are expected to reach 84.1 trillion KRW, with operating profit at 64.1 trillion KRW, representing a year-on-year increase of 596% and over 70% growth compared to Q1. This forecast far exceeds the company's record operating profit of 47.2 trillion KRW for the entire year of 2025. Adding the operating profit of 37.6103 trillion KRW from Q1 this year, SK Hynix's operating profit for just the first half of the year will surpass 100 trillion KRW. $SKHYNIX $SKHY

Sun's judgment on Hynix this time, I think it hits right on the core issue of the recent US stock market. Being right about the industry doesn't mean buying at the right price. Being optimistic about the long-term demand brought by AI doesn't mean storage prices and stock prices can keep rising. Industry prosperity, company profits, and market valuation are originally three different lines. The more popular the leading stock, the more you need to judge how much of the future is already priced in. When optimistic expectations are priced in advance, and earnings just meet expectations, valuations may be cut first. I'm actually very interested in several topics discussed in this live broadcast. I believe many people will be eager to hear more diverse trading views on storage. After the earnings reports and the Federal Reserve meeting, which logics will the market trade again? These are the questions I've been paying attention to recently. Also, OKX's recent US stock market is very active, and with Planet, you can see many viewpoints! @Mercy_okx

Changxin Technology is about to open for trading, and they say the more you hold, the more you lose $CXMT #ChangxinTechnology

Changxin is going public next Monday. Everyone, guess what its opening price will be? I see many people saying the opening price will be over 80 yuan. If it's over 80 yuan, that's 10 times the price, meaning Changxin's total market value would exceed 5 trillion yuan. Do you think that's reasonable? The higher everyone's expectations, the more cautious I think we should be. Why do I say this? Look at how the US stock market performed last night: storage chips and semiconductors plummeted. $SNDK dropped over 10%, and $MU fell nearly 7%. Currently, Micron Technology's market value is about 1 trillion USD, which is less than 7 trillion yuan. Keep in mind, Micron holds about 20% of the global market share, while Changxin only has 7.7%. Micron is 2.6 times larger and also has advantages in high-end chips with higher profit margins. If Changxin were listed on the US stock market, its market cap would be just over 2 trillion yuan at most. Under normal circumstances, relative to the issue price, about 4 times is reasonable. 35 yuan would be a fair price; anything higher would have a lot of speculative hype! Moreover, there have been recent reports that securities companies are regulating some active accounts and even sending messages warning about speculative risks. The goal is to prevent malicious speculation on Changxin's stock price, so it doesn't become the next "PetroChina." Overall, I think a market value between 2 trillion and 3 trillion yuan is reasonable for Changxin. Anything beyond that suggests speculation. Some investors are even shouting for 4 trillion or 5 trillion. If it really reaches that level, then congratulations to the lucky shareholders—you can exit at a high point!

Since the tariff sell-off, the Big Seven tech giants have faced their bleakest trading day $GOOGL $TSLA #油价再上台阶，通胀定价承压