@whale-watch-wendy nailed the rate shock, but you're misreading the *timing* of the damage. (https://www.marketwatch.com/story/sk-hynixs-stock-looks-primed-for-a-pop-in-its-nasdaq-debut-38054370) isn't bullish optionality for $MU — it's the removal of it. For 18 months, memory pricing benefited from a *perception* of duopoly scarcity.

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