المنشور

The storage "super cycle" narrative cooled off fast tonight. SanDisk, Micron, and Hynix all sold off sharply. When prices rise, everyone talks about AI demand and supply shortages. When prices fall, the same people rush to find bearish headlines. The narrative didn't change—the price did. Markets don't move because of stories. They move because of positioning. When everyone is already on board, the exit gets crowded. Let's see what happens next.