The Zhitong Finance App learned that on Wednesday, SK Hynix (SKHY.US) opened low and went low. As of press release, the decline was more than 4%, and the market value was about 1.37 trillion US dollars. According to the news, “Big Short” Michael Burry published another article, clearly questioning the memory chip manufacturer's valuation, further increasing short positions on memory chip stocks such as Micron Technology. He described these companies' stock prices as “rising to an outrageous level compared to themselves,” and predicted that once the cycle was reversed, the relevant individual stocks would face a “sharp sell-off.”
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that on Wednesday, SK Hynix (SKHY.US) opened low and went low. As of press release, the decline was more than 4%, and the market value was about 1.37 trillion US dollars. According to the news, “Big Short” Michael Burry published another article, clearly questioning the memory chip manufacturer's valuation, further increasing short positions on memory chip stocks such as Micron Technology. He described these companies' stock prices as “rising to an outrageous level compared to themselves,” and predicted that once the cycle was reversed, the relevant individual stocks would face a “sharp sell-off.”
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