Korea's 5 trillion won bet on 'Sovereign AI'! $MU Is 992 a golden pit?


Brothers, the storage sector has been slaughtered for two consecutive days.
News:
South Korea is considering using the 5 trillion won in additional tax revenue from the semiconductor boom to purchase approximately 10k NVIDIA Vera Rubin GPU modules this year to develop 'Sovereign AI' — this provides solid demand support for memory chips. Korean stocks have rebounded 1.2% at today's opening.
But short-term selling pressure remains: Michael Burry is rumored to have shorted MU at $1051, plus a class action lawsuit accusing MU of colluding with Samsung and SK Hynix to control DRAM production. MU's cumulative drop over two days has exceeded 16%.
Technical analysis:
Current price 992, testing a key support zone.
Upper resistance: 1000, 1030-1050.
Lower support: 975; if lost, look at 950.
Gongming's view:
Korea's 5 trillion won procurement is a medium-term positive, but short-term sentiment remains weak.
Trading strategy:
Conservative: wait for a pullback to around 975-980 to go long; aggressive: go long at current price around 988-992.
Pits created by panic selling are often opportunities, but don't rush to catch a falling knife.
#Meta卖算力引发存储股大跌 #非农爆冷打压加息预期
MU-0.08%
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HighlandBarley
· 48m ago
Just go for it 👊
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