The reason behind tonight’s sudden market dump has been found! Three storage giants are being accused of teaming up to raise prices and squeeze investors.
Family, after nearly two years of complaints about memory price hikes, it has finally made its way to court. Samsung, SK hynix, and Micron are being sued together, accused of jointly cutting traditional DRAM production capacity and shifting in batches toward higher-priced HBM, artificially pushing prices up several times over — Apple’s broad price increases became the trigger.
If not for this, we probably wouldn’t be enjoying this nice piece of profit tonight either 🤫 #SKHYNIX $SKHYNIX
Family, after nearly two years of complaints about memory price hikes, it has finally made its way to court. Samsung, SK hynix, and Micron are being sued together, accused of jointly cutting traditional DRAM production capacity and shifting in batches toward higher-priced HBM, artificially pushing prices up several times over — Apple’s broad price increases became the trigger.
If not for this, we probably wouldn’t be enjoying this nice piece of profit tonight either 🤫 #SKHYNIX $SKHYNIX