first-day closing price of $SK hynix(SKHY)$ 162
Samsung Just Set a Record — So Why Did Memory Stocks Sell Off?
Memory was among Thursday's hardest hit: SanDisk -4.90% to $1,609.46, Micron -4.79% to $1,035.84, SK Hynix -4.35% to $170.50 — despite Samsung's record quarter, operating profit near 107.4 trillion won (about $80 billion), its first above 100 trillion. Markets focused on deceleration: analysts read the record as also signaling slower momentum, with memory price gains narrowing. Bulls point to absolute earnings power; bears say cyclicals trade on the second derivative, so a record alongside deceleration gets priced as the latter. Record profit, slowing growth — is memory peaking?
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