Why did the expansion of capacity by Samsung and SK Hynix cause a drop in shares?
The market has changed: investors now demand clean cash flow and high margin metrics “here and now.”
Huge CAPEX investments scare the market, because the increase in supply will inevitably wipe out the shortage that drove memory prices up by 4.5x over 9 months.
The era of super-profits may end as soon as the new plants start operating. $SAMSUNG $MU $TAO