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#存储股财报后续跌, is the AI memory bull market still stable? This round of decline feels more like a repricing after expectations have been overdrawn; demand has not disappeared, but the market is no longer satisfied with "good performance" but demands companies continue to significantly exceed expectations. Over the past year, capital has traded AI computing power, HBM price hikes, and storage cycle reversals. Now, the question has shifted from "Does AI need memory?" to "How fast demand can grow, and can profit margins continue to improve?" MU Micron benefited from HBM volume expansion, AI server demand, and improved DRAM cycles, but its fundamentals did not weaken significantly. The post-report adjustment mainly stemmed from previous large gains, with funds beginning to digest valuations. Market focus: $800 to $820: First support near $750: Strong support at $900: After short-term resistance holds above $900, look at $950 to $1000 SNDK mainly benefits from NAND, enterprise-grade SSDs, and AI data center storage, with strong earnings reports. The market is concerned about whether NAND prices can be maintained and how much room for profit margin improvement remains. Market focus: $1100 to $1150: Short-term support at $1000: Key defense level 1300 to $1350: First resistance at $1500: Confirmation of trend strengthening My judgment is that the AI memory rally is not over, but the first stage of making money has passed. The market will become more selective going forward. Only companies that can consistently deliver demand, orders, and profit margins will qualify for higher valuations.