The reason for tonight’s sudden market plunge is found! Three storage giants are accused of conspiring to raise prices and fleece investors
Family, after nearly two years of complaining about memory price hikes, it finally ended up in court. Samsung, SK hynix, and Micron have been sued together, accused of jointly cutting back on traditional DRAM production capacity and shifting in batches to make expensive HBM, artificially driving prices up by several times—Apple’s across-the-board price increases are the spark.
If it weren’t for this, we wouldn’t be able to enjoy this big slice of profit tonight either 🤫 #SKHYNIX $SKHYNIX
Family, after nearly two years of complaining about memory price hikes, it finally ended up in court. Samsung, SK hynix, and Micron have been sued together, accused of jointly cutting back on traditional DRAM production capacity and shifting in batches to make expensive HBM, artificially driving prices up by several times—Apple’s across-the-board price increases are the spark.
If it weren’t for this, we wouldn’t be able to enjoy this big slice of profit tonight either 🤫 #SKHYNIX $SKHYNIX