Samsung crushes Q2 and the stock still drops, what does memory even need to do here

Samsung just put up numbers that make no sense to be down on. Revenue up 129% YoY, operating profit up like 19x, margins went from 6% to around 52% in a year. And the stock fell.

DRAM ASP up 44% QoQ, NAND up 53%. That is the kind of pricing that usually sends chip names flying. Instead it feels like the whole memory trade already priced in perfection.

Pulled the charts on moomoo and the reaction candle was ugly, straight red on a blowout beat. Thats the part that worries me. If this quarter cant push it green, what does?

Been eyeing SK Hynix as the cleaner AI memory play, and SanDisk if NAND pricing holds. Hynix even doing a US ADR listing, something like $28B.

Anyone else think memory is a beat and bleed setup right now? Or am I overthinking a normal profit take.