Good morning. Not to make everything about the markets lately, but allow me to direct your attention to South Korea, ground zero for the global memory shortage.
The nation’s Kospi index is now down more than 20% from its record high in June. Just yesterday, it fell more than 5%—as did shares of rival memory makers Samsung and SK Hynix.
Along with Idaho’s Micron Technology, these companies control more than 95% of the market for DRAM, the stuff used in everything from advanced AI accelerators to your personal laptop. (Maybe close some of those tabs, yeah?)
Call it a correction, call it a desire for more clarity on future customer demand—whatever the case, just don’t call the memory shortage over. Unless you’re Michael Burry, that is.More news follows. —Andrew Nusca
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