No wonder recently the Korean memory together with the global semiconductor has collapsed, Wall Street's pricing expectations were too high! 🧐
I took a look at SK Hynix's financial report this morning, both revenue and profit fell short of expectations, Wall Street should have known this long ago! $SHKY
In the second quarter, revenue was 79.3 trillion won (year-on-year +257%), slightly lower than the market expectation of 83.9 trillion won.
Operating profit was 60.5 trillion won (year-on-year +557%), also lower than the expected value.
So now that it's all priced in, is the bad news all out, which could be considered good news, and can it rise now? 🥲 I'm trapped!
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