"Even If SK hynix Stock Falls to Zero, I Won't Sell" "Korean Market Is Too Risky" U.S. Retail Investors Panic Amid Plunge
Heated Debates on Reddit, the Largest U.S. Community
DRAM Craze Sweeps American Retail Investors Amid Memory Rally
As major semiconductor companies in key countries like the United States and South Korea continue to experience steep declines, U.S. retail investors have become deeply engaged in heated discussions. On Reddit, the largest online community in the United States, debates are raging over the future direction of SK hynix's stock price.
On July 2 (local time), controversy broke out in the Reddit SK hynix community regarding the recent weakness in the company's stock price. That day, SK hynix closed at 2,187,000 won, down 14.57% from the previous day.
Popular meme posted on Reddit. "Financial advisor looking at my portfolio made up of 100% SK hynix." Reddit screenshot
View original imageOne American investor expressed frustration, saying, "It seems like all memory semiconductor investors are in a panic," and added, "Even though SK hynix announced record-high earnings and is generating enormous profits due to the artificial intelligence (AI) competition."
He continued, "People don't seem interested in cash flow or strong fundamentals," but also emphasized, "We SK hynix investors must learn a lesson from this event. Even if the stock price falls to zero, we should hold on."
Another investor stated, "I'm waiting for the day when SK hynix is dually listed on the Nasdaq as an American Depositary Receipt (ADR). If the stock starts at a reasonable level, I'll buy 100 shares as soon as trading opens," and argued that the ADR listing day should be seen as an opportunity.
Other voices supporting memory stocks continued, with comments such as "Investors who don't own memory stocks are spreading groundless FUD (fear, uncertainty, and doubt)," "Good stocks never betray you," and "I'm buying more every time it drops." On the other hand, there were also warnings like "When are you actually planning to sell?" and "Regardless of the company's business conditions, the current Korean stock market is too risky. There is more to financial markets than just fundamentals."
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Throughout the first half of this year, memory semiconductor manufacturers such as Samsung Electronics, SK hynix, and Micron rallied, making related stocks popular among U.S. retail investors. The so-called "DRAM Exchange-Traded Fund (ETF)," which invests exclusively in memory companies, was listed on the New York Stock Exchange on April 2 and surged in price. The DRAM ETF, which includes not only the three leading memory firms but also NAND flash manufacturers such as SanDisk and Kioxia, is now down 22% from its peak as of the previous day's close.
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