Memory prices drop and hit the trending search, as major memory hoarders from earlier are now selling off. Wholesalers say the price has dropped over 100 yuan in just one day!

Just as misfortune follows, recent news announced that Google developed a technology that can reduce memory usage by 6 times and boost performance by 8 times, causing a sharp decline in the storage sector. Now it’s said that domestic memory module prices have collapsed!
The main reason is that prices had risen too much. Over the past six months, memory prices skyrocketed, and the storage sector in A-shares and U.S. stocks also surged. When a sector is at a high, ghost stories often emerge, and people tend to panic and run first. However, on Friday, Micron and SanDisk rose against the trend in the U.S. stock market, which seems a bit exaggerated.
Over the weekend, AiGuJun visited some mobile phone stores and found them quite quiet. Amid the crazy rise in memory prices, phone manufacturers can’t hold the line without raising prices, but when prices go up, everyone is watching...! So, the increase in memory prices also leads to a downstream demand contraction, ultimately biting back at the upstream. (AiGuJun)#震荡行情交易策略