SOX crashed -11.3% in 48 hours — what the supply chain data says that the price action doesn't

Описание: The SOX index dropped 11.3% in 48 hours. Every headline is calling it a crash.

I cross-referenced the panic against my supply-chain tracker — 22 Chinese equipment makers, DRAM/NAND pricing, HBM supply, and A-share capital flows.

Here's what the data says that the headlines missed:

• DRAM +63% QoQ, NAND +75% — memory prices at decade-high growth
• 17/22 Chinese equipment firms above 85% utilization
• HBM supply deficit: 43.5% — tightest in 2 years
• A-share flows: ¥462M into banks, ¥7.5B out of equipment (rotation, not crash)
• 3 tracked, numbered judgments with public track record

Full breakdown → zhaoxx.gumroad.com/l/raoag
Free daily market color → xiaojintechdaily.substack.com
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#semiconductors #SOX #chipstocks #investing #DRAM #supplychain #AI