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Memory is creating a platform for a world where users' digital identities can move freely across the Internet. Users' followers, content, favorite music-everything they create and interact with online-should move with ease.
BofA: Memory Stocks Trade at 2 to 3 Times P/E, Valuations at Cycle Bottom Have Not Turned Downward
Bank of America believes that storage stock valuations have reached the cyclical bottom range, and fundamentals have not turned downward.
Morgan Stanley: Samsung Leads Globally in Profit, Memory Supercycle Valuation Hard to Fully Capture
Morgan Stanley notes that the memory super cycle is real, but the market continues to price based on the old cycle, failing to reflect full valuation multiples. Memory stocks have already rallied 9-fold since the cycle's inception, amid moderating earnings revision breadth. The firm recommends overweighting the AI compute and networking supply chains, taking a selective approach to memory with a preference for Samsung, SK Hynix, and Kioxia.
“White-haired Stock God” Serenity: ESMT May Mirror SanDisk’s Trajectory, Storage Chip Price Hikes Still Have Room to Run
Odaily News "White-haired Stock God" Serenity posted on X, expressing optimism about storage chip maker Elite Semiconductor Memory Technology (ESMT, 3006) over the coming months, suggesting its trajectory could mirror the strong rally seen in SanDisk (SNDK).Serenity noted that a single DDR2 memory chip currently costs around $0.96. If the ASP (average selling price) triples, the cost per chip would increase by roughly $2. While this cost increase remains relatively limited for end products, sustained price hikes in memory products could have a significant impact on ESMT's own profitability. Additionally, SLC NAND is expected to see ASP increases of 120% to 170% in the second half of the year, with NOR Flash and other products also facing pricing upside expectations.Serenity stated that based on July performance, ESMT's current monthly net profit stands at approximately $111 million, with a market cap of around $2.8 billion, and believes there remains substantial room for valuation re-rating. Serenity noted that ESMT's current situation reminds them of early-stage SanDisk, but this opportunity is primarily concentrated in the legacy and specialty memory market.
CCSH, parent company of YMTC, gets STAR Market IPO application accepted, plans to raise RMB 33 billion
Odaily News: The STAR Market listing application of CCSH Corporation, the parent company of Yangtze Memory Technologies Co. (YMTC), has been accepted by the Shanghai Stock Exchange. The company plans to raise RMB 33 billion (approximately USD 4.9 billion), with an expected market valuation of RMB 275 billion to RMB 330 billion post-listing. If completed successfully, this IPO is expected to become the third-largest in STAR Market history by fundraising scale, trailing only CXMT and SMIC.According to the prospectus, CCSH recorded revenue of RMB 47 billion in Q1 2026, nearly five times the figure from the same period last year; net profit reached RMB 33.38 billion, more than double the full-year level of 2025. During the same period, the average selling price of NAND flash memory rose to 2.73 times the 2025 average, while gross margin climbed from 35.3% to 76.8%. The company plans to allocate RMB 20.8 billion of the raised funds to expand production lines and RMB 12.2 billion to R&D for next-generation NAND flash and high-speed storage products. (Reuters)
Netease-incubated Qianheyibang successfully powered on the world's first 4-layer 3D DRAM stacked compute-in-memory chip
Qianhe Yibang, a 3D computing-in-memory chip company, announced that its self-developed world's first 4-layer 3D DRAM-stacked computing-in-memory chip has been successfully fabricated and powered on, marking the technology's transition from validation to engineering implementation. The chip employs a three-dimensional integrated native computing architecture, delivering a data memory access bandwidth that is an order of magnitude greater than conventional approaches. Memory access power consumption, latency, and per-processing costs are all reduced by an order of magnitude. Founded in January 2024 and incubated by NetEase, Qianhe Yibang recently closed a Series B funding round exceeding 2 billion yuan.
SK Hynix considers selling stake in Chongqing plant, valued at about $3 billion
Odaily News: Memory chip maker SK Hynix is considering selling its stake in its Chongqing plant in China, and is exploring options including introducing external investors. The company has begun selecting advisory institutions. If a deal is reached, the plant's enterprise value is estimated at around $3 billion, with potential investors including Chinese funds and local enterprises.
MemTensor AI Memory Tool Supply Chain Under Attack, Developer Credentials Face Leakage Risk
According to monitoring by blockchain security firm SlowMist (@SlowMist_Team), MemoryOS (PyPI), an AI memory toolkit under MemTensor, and its OpenClaw plugin (npm) were compromised in a supply chain attack. The affected versions ship with embedded cross-platform Go binaries that automatically execute malicious payloads when the package is loaded or imported. Affected versions include MemoryOS==2.0.34 on PyPI, along with plugin versions 0.1.21, 0.1.23, and 0.1.25 on npm. Through this compromise, attackers can exfiltrate sensitive data such as npm/PyPI tokens, GitHub/GitLab credentials, AWS keys, SSH keys, API tokens, and environment variables. Exfiltrated data is sent back to the attacker-controlled infrastructure at skyleen[.]fr, and the compromised npm plugin may also leak user prompt inputs. SlowMist advises users to immediately downgrade the affected packages to their secure versions (downgrade npm to 0.1.20 and PyPI to 2.0.33), terminate any sckit-related processes, block communication with the associated infrastructure, review network activity, and rotate all credentials across affected environments.
Caixin: HyperLiquid Pricing Chinese Assets, Emerging Offshore Exchange Challenges Global Financial Regulation
According to Caixin News, HyperLiquid has been quietly rising in the overseas crypto scene for some time, but the real catalyst that sparked widespread discussion in the domestic market was neither the massive airdrop of HYPE tokens (referring to projects distributing tokens to users for free to promote initiatives or reward early supporters) nor the crude oil contracts ignited by Iran's geopolitical conflicts in February 2026, but rather the contracts involving the Chinese asset ChangXin Memory Technologies (CMXT), highlighting how emerging offshore exchanges are challenging global financial regulation.
Goldman Sachs: Samsung Target Price at 490,000 Won as Memory Supply and Demand Remain Tight
Goldman Sachs identifies three factors supporting Samsung’s earnings outlook: tight memory supply and demand, long-term agreements locking in demand, and HBM absorbing production capacity. The bank advises monitoring progress on long-term agreements and clarity on shareholder return policies as catalysts for assessing upside potential.
Coinbase Builds AI "Digital Teammate" CEEcil: Long-Term Memory, Proactive Follow-Ups, and Autonomous Judgment
Odaily News - Coinbase has disclosed the architecture and application of its internal AI system "CEEcil." This system is not a simple chatbot but is designed as an AI agent that functions like a "team member." It can be mentioned in Slack, and possesses long-term memory, proactive follow-up, and judgment capabilities.CEEcil retains team context through a three-tier memory mechanism: in the background, it continuously extracts information such as decisions, blocked items, and owners from authorized channels; each night, it consolidates short-term observations into long-term summaries; and when answering questions, it retrieves historical memories, recent conversations, and real-time data on demand. The system also adopts a tiered model architecture, where simple queries are prioritized for processing via APIs or knowledge bases, and only complex, multi-step tasks are delegated to more powerful AI models, thereby reducing cost and latency.In practical applications, CEEcil can proactively join relevant Slack discussions, send emoji reactions, and automatically follow up when issues go unaddressed. Coinbase states that the system also once refused to submit operational documents containing customer identity information to Git, suggesting the use of redacted versions or compliant storage methods instead—demonstrating a certain level of security judgment.Architecturally, CEEcil consists of a Go service and an AI agent runtime, and connects to tools such as memory retrieval, knowledge bases, real-time queries, and Slack via MCP. Coinbase also has set up a real-time "kill switch," call limits and spending caps, audit mechanisms, and requires human review and merging of the code it generates.Coinbase says CEEcil is now able to help teams handle production incidents and answer expert knowledge that previously would have required waiting hours to obtain. In the future, the company hopes to expand this model into multiple AI agents tailored to specific teams, enabling AI not only to "answer questions" but also to continuously remember, proactively participate, and complete actual work.
US ITC Issues Section 337 Final Determination on Foreign-Made Semiconductor Devices and Their Downstream Products and Components
According to Sina Finance, the US International Trade Commission (ITC) voted to initiate a 337 investigation (Investigation No. 337-TA-1511) against Certain Dynamic Random Access Memory (DRAM) Devices, Products Containing the Same, and Components Thereof (II). It is alleged that the products exported to the US, imported into the US, and sold in the US violate Section 337 of the US Tariff Act (infringing US Registered Patent Nos. 12,646,537, 12,650,937), requesting the US ITC to issue a limited exclusion order and a cease and desist order. South Korea Samsung Electronics Co., Ltd., Suwon, Republic of Korea, US Samsung Electronics America, Inc., Plano, Texas, US Samsung Semiconductor, Inc., Plano, Texas, US Google LLC, Mountain View, California, US Super Mi
Samsung, SK Hynix, and Micron Face US Class-Action Lawsuit, Accused of Manipulating Memory Prices via HBM Transition
According to The Paper, 14 individual consumers and three small businesses filed an antitrust class-action lawsuit on June 25 in the U.S. District Court for the Northern District of California, accusing Samsung, SK Hynix, and Micron of conspiring to manipulate DRAM supply and pricing since 2022, leading to an approximately 700% increase in memory prices over the past four years. The plaintiffs claim the three companies used the transition to High Bandwidth Memory (HBM) as an excuse to artificially cut supply of traditional DDR3 and DDR4 memory, disregarding "all economic and business logic". The lawsuit also cites Apple's recent price increases for iPads and Macs as evidence that supply restrictions have affected downstream products. If successful, the defendants are required to pay treble damages, and the scope of the lawsuit may expand to all consumers and businesses purchasing products containing DRAM. Notably, Samsung and SK Hynix were previously fined in the U.S. for price-fixing behavior in the early 2000s, and Samsung was even handed a $300 million criminal fine in 2005. Investment bank Jefferies predicts that the high level of memory prices is difficult to reverse in the short term, with prices still expected to rise quarter-on-quarter by 30% to 50% in the third and fourth quarters of 2026, and a significant decline may not occur until 2028 at the earliest.
Hyperliquid Whale Loses $9.53M in a Week, Closes $98M Bitcoin Long and Pivots to 20x Tesla Long
Hyperliquid trader address 0x30af closed a 1,355.6 BTC long position at an average price of approximately $80,945 on October 18, ending a position previously worth about $98 million with 40x leverage. On-chain data platform Lookonchain estimates the loss at $3.26 million.Subsequently, the address opened a Tesla long position worth $34.6 million on Hyperliquid's HIP-3 market, using 20x isolated leverage with an entry price of $360.23 and a liquidation price of approximately $350.74. Tesla is set to report its third-quarter earnings on October 21.The address also holds a $7.6 million Roundhill Memory ETF long position and a $3.9 million Direxion Daily Semiconductor Bull 3X Fund long position, with leverage of 20x and 10x respectively. Hyperdash data shows the address lost $9.53 million over the past week and $6.52 million over the past month. (Bitcoin.com News)
Analysts: AI-Related ETFs May See Breakout After NVIDIA Hits New Highs
Crypto analyst Ali posted on the X platform stating that Nvidia (NVDA) shares reached an all-time high of $237.88 on October 2, rising nearly 14% since September 14. The stock is currently testing the upper channel resistance and is poised to potentially climb toward a $260 target. With the AI sector regaining market focus, AI-related ETFs may see breakout rallies. The Direxion Daily Semiconductor Bull 3X ETF (SOXL) aims to generate triple the daily performance of the semiconductor index and has recently displayed breakout tendencies. If the support around $150 holds, a follow-through target of $210 comes into view. The Roundhill Memory ETF (DRAM), which primarily invests in global memory chip manufacturers, is currently consolidating in an ascending triangle pattern. A decisive break above $64 could open further upside room toward an $80 target. Ali believes the subsequent performance of these two ETFs will likely confirm the ongoing extension of the AI cycle.
Trader: Memory Sector Consolidates Ahead of MU Earnings, BTC May Test 82K Support
In pre-market analysis, trader degentrading (@degentradingLSD) highlights the following key market signals: • Macro: The 10Y yield has risen to 5.2% and the 30Y to 5.5%, nearing historical peaks. The South Korean stock market opened down 2.5%, with the memory and semiconductor sectors (SK Hynix, Samsung, MU, SNDK) broadly declining 2%–5%. Price action is expected to remain volatile ahead of MU's earnings report. • Next-Generation Cloud Computing: Project payback periods for compute infrastructure have fallen below one year. Market perception is shifting, and rapid revaluation of the new cloud sector is anticipated. Power supply bottlenecks are also gaining prominence. • Tech Stocks: META is trading lower in pre-market. Monitor for accumulation opportunities at the $690 support level or a breakout above all-time highs. If the broader hyperscale data center sector breaks out, META, MSFT, and peers could undergo paradigm-level repricing. • Crypto Markets: Broad weakness across major and alt coins, with BTC potentially testing the $82K support level. Risk capital was freed last week by trimming TAO and DOGE, and taking profit on CRDO. Since crypto sentiment typically remains positive during KBW week, the strategy this week centers on identifying short-term bullish setups.
Korean retail investors are aggressively betting on the memory chip sector's recovery: 118.5 billion KRW poured into a US memory ETF in a single week
Odaily News According to data from the Korea Securities Depository, Korean retail investors recorded a net purchase of approximately $85.61 million (about 118.5 billion KRW) in the "Roundhill Memory ETF" between August 14 and 20, making it the second-largest product by net purchase amount among the country's overseas individual stocks and ETFs (trailing only Google's parent company Alphabet). This actively managed ETF primarily invests in major memory chip companies such as Samsung Electronics, SK Hynix, and Micron.Recently, memory chip stocks have shown a clear rebound. From August 10 to 21, SK Hynix and Samsung Electronics saw their stock prices rise by 21.6% and 21.8%, respectively, both outpacing the 10.4% gain of the Korea Composite Stock Price Index (KOSPI) over the same period. On the US market side, Micron rose approximately 11% during the same timeframe, while SanDisk gained around 32%.The domestic Korean ETF market has also seen capital inflows. Data shows that between August 14 and 20, the "TIGER US S&P500 ETF," which tracks the S&P 500 index, attracted net inflows of 170.9 billion KRW, while the "KODEX US Nasdaq 100 ETF," which tracks the Nasdaq 100 index, saw net inflows of 132.3 billion KRW. Market analysts believe that as expectations for a semiconductor cycle recovery grow, investors are increasing their allocations to the AI chip and memory chip supply chain. (Daum)
Korean Funds Bet Heavily on Memory Chip Recovery: 118.5 Billion Won Invested in US-Listed Memory ETFs in a Single Week
According to Korean media outlet Economist, as the memory chip sector mounts a strong rebound, South Korean retail investors are accelerating capital inflows into U.S.-listed ETFs investing in companies such as Samsung Electronics, SK Hynix, and Micron. Data from the Korea Securities Depository shows that domestic retail investors recorded a weekly net purchase of approximately $85.61 million (roughly 118.5 billion won) in the Roundhill Memory ETF, making it the second-largest product by net buying volume among overseas individual stocks and ETFs during the same period. The ETF primarily invests in major memory chip enterprises including Samsung Electronics, SK Hynix, and Micron. Memory chip stocks have recently witnessed a clear recovery, with SK Hynix and Samsung Electronics shares rising 21.6% and 21.8%, respectively, over the past two weeks, both outpacing the 10.4% gain of the Korea Composite Stock Price Index (KOSPI). In the U.S. market, Micron rose approximately 11%, while SanDisk gained around 32%.
SK Hynix Plans to Invest Trillions of KRW in a Memory Chip Fab in Miyagi Prefecture, Japan
Odaily News, Citrini analyst jukan stated on X platform that, according to informed sources, SK Hynix is advancing plans to invest trillions of KRW to build a memory chip wafer fab in Miyagi Prefecture in northeastern Japan. If realized, this would mark the first large-scale investment by a Korean semiconductor company establishing a local manufacturing base in Japan. As investment in Japan progresses, the United States is also expected to intensify pressure on Korean companies to expand memory chip production capacity in the U.S., further complicating future investment allocation decisions.According to reports from South Korea's Hankyoreh on the 20th, SK hynix is seeking to build a memory chip wafer fab in Miyagi Prefecture, located in northeastern Honshu, Japan. A business insider said, "As far as I understand, SK Group Chairman Chey Tae-won recently visited the region in person." Miyagi Prefecture, along with Kyushu and Hokkaido, is one of three regions that the Japanese government plans to develop into major semiconductor industry hubs.It is reported that the project's investment scale is expected to reach trillions of KRW. Compared with the hundreds of trillions of KRW invested in domestic semiconductor clusters in Yongin and the Honam region of Korea, the Japan plant will be a relatively smaller-scale production base. The Miyagi fab will serve as an additional overseas manufacturing site, while SK hynix will continue its planned domestic investments in the Yongin and Honam semiconductor clusters as originally scheduled. The plan appears aimed at proactively expanding production capacity amid the ongoing global memory chip shortage.If realized, SK hynix would become the third foreign semiconductor company to operate semiconductor manufacturing facilities in Japan, following U.S.-based Micron and Taiwan's TSMC. Samsung Electronics currently operates only an advanced semiconductor packaging research center in Yokohama.However, the investment also carries risks. The United States has been pressuring the Korean government and Korean companies to invest in memory chip wafer fabs on U.S. soil. If SK hynix moves forward with investment in Japan, Washington may further demand that it expand local production capacity in the U.S. Additionally, SK hynix must navigate domestic political uncertainties in Korea, as well as the social sensitivity surrounding investment in Japan for strategic industries such as semiconductors.
Samsung Electronics and SK Hynix to Report Third-Quarter Earnings Next Week as AI Memory Demand Draws Attention
Samsung Electronics and SK Hynix will release their third-quarter earnings reports next week. Amid strong demand for AI memory chips, the market is closely monitoring the profitability of both South Korean chipmakers.
Bybit AI Launches Personalization and Memory Features to Create a Personalized Financial Assistant for Users
Bybit AI was fully launched this September, enabling users to access all of Bybit's core services through a single chat interface.
Tencent Hunyuan Releases Hy Memory 2.0, Fully Open-Sourcing Three-Layer Model Framework and Applications
On October 16, Tencent Hunyuan announced the upgrade of its agent memory framework, Hy Memory, to version 2.0, alongside the open-sourcing of the specialized model Hy-Memory-30A3B, the memory framework, and the local application MemHub. The three can be used independently or combined into a complete Memory solution. Tencent Hunyuan stated that this open-source release covers the model, framework, and application layers, providing a complete end-to-end pipeline for agent memory capabilities from foundational models to deployment tools.
Trader: Memory Sector Consolidates Ahead of MU Earnings, BTC May Test 82K Support
In pre-market analysis, trader degentrading (@degentradingLSD) highlights the following key market signals: • Macro: The 10Y yield has risen to 5.2% and the 30Y to 5.5%, nearing historical peaks. The South Korean stock market opened down 2.5%, with the memory and semiconductor sectors (SK Hynix, Samsung, MU, SNDK) broadly declining 2%–5%. Price action is expected to remain volatile ahead of MU's earnings report. • Next-Generation Cloud Computing: Project payback periods for compute infrastructure have fallen below one year. Market perception is shifting, and rapid revaluation of the new cloud sector is anticipated. Power supply bottlenecks are also gaining prominence. • Tech Stocks: META is trading lower in pre-market. Monitor for accumulation opportunities at the $690 support level or a breakout above all-time highs. If the broader hyperscale data center sector breaks out, META, MSFT, and peers could undergo paradigm-level repricing. • Crypto Markets: Broad weakness across major and alt coins, with BTC potentially testing the $82K support level. Risk capital was freed last week by trimming TAO and DOGE, and taking profit on CRDO. Since crypto sentiment typically remains positive during KBW week, the strategy this week centers on identifying short-term bullish setups.
MemTensor AI Memory Tool Supply Chain Under Attack, Developer Credentials Face Leakage Risk
According to monitoring by blockchain security firm SlowMist (@SlowMist_Team), MemoryOS (PyPI), an AI memory toolkit under MemTensor, and its OpenClaw plugin (npm) were compromised in a supply chain attack. The affected versions ship with embedded cross-platform Go binaries that automatically execute malicious payloads when the package is loaded or imported. Affected versions include MemoryOS==2.0.34 on PyPI, along with plugin versions 0.1.21, 0.1.23, and 0.1.25 on npm. Through this compromise, attackers can exfiltrate sensitive data such as npm/PyPI tokens, GitHub/GitLab credentials, AWS keys, SSH keys, API tokens, and environment variables. Exfiltrated data is sent back to the attacker-controlled infrastructure at skyleen[.]fr, and the compromised npm plugin may also leak user prompt inputs. SlowMist advises users to immediately downgrade the affected packages to their secure versions (downgrade npm to 0.1.20 and PyPI to 2.0.33), terminate any sckit-related processes, block communication with the associated infrastructure, review network activity, and rotate all credentials across affected environments.
Caixin: HyperLiquid Pricing Chinese Assets, Emerging Offshore Exchange Challenges Global Financial Regulation
According to Caixin News, HyperLiquid has been quietly rising in the overseas crypto scene for some time, but the real catalyst that sparked widespread discussion in the domestic market was neither the massive airdrop of HYPE tokens (referring to projects distributing tokens to users for free to promote initiatives or reward early supporters) nor the crude oil contracts ignited by Iran's geopolitical conflicts in February 2026, but rather the contracts involving the Chinese asset ChangXin Memory Technologies (CMXT), highlighting how emerging offshore exchanges are challenging global financial regulation.
Related news
Samsung Electronics and SK Hynix to Report Third-Quarter Earnings Next Week as AI Memory Demand Draws Attention
Samsung Electronics and SK Hynix will release their third-quarter earnings reports next week. Amid strong demand for AI memory chips, the market is closely monitoring the profitability of both South Korean chipmakers.
Bybit AI Launches Personalization and Memory Features to Create a Personalized Financial Assistant for Users
Bybit AI was fully launched this September, enabling users to access all of Bybit's core services through a single chat interface.
BofA: Memory Stocks Trade at 2 to 3 Times P/E, Valuations at Cycle Bottom Have Not Turned Downward
Bank of America believes that storage stock valuations have reached the cyclical bottom range, and fundamentals have not turned downward.
Hyperliquid Whale Loses $9.53M in a Week, Closes $98M Bitcoin Long and Pivots to 20x Tesla Long
Hyperliquid trader address 0x30af closed a 1,355.6 BTC long position at an average price of approximately $80,945 on October 18, ending a position previously worth about $98 million with 40x leverage. On-chain data platform Lookonchain estimates the loss at $3.26 million.Subsequently, the address opened a Tesla long position worth $34.6 million on Hyperliquid's HIP-3 market, using 20x isolated leverage with an entry price of $360.23 and a liquidation price of approximately $350.74. Tesla is set to report its third-quarter earnings on October 21.The address also holds a $7.6 million Roundhill Memory ETF long position and a $3.9 million Direxion Daily Semiconductor Bull 3X Fund long position, with leverage of 20x and 10x respectively. Hyperdash data shows the address lost $9.53 million over the past week and $6.52 million over the past month. (Bitcoin.com News)
Bank of America: U.S. Memory Stock Valuations Have Already Shown Cyclical Bottom Characteristics; Market Worries Are Overblown
According to Cailian Press, a Bank of America research report states that following a roughly three-and-a-half-month deep correction, the valuation multiples for Samsung Electronics and SK Hynix have essentially bottomed out, with both companies' stock prices falling more than 50% from their June highs. Based on market consensus earnings forecasts for 2027 to 2028, Samsung's P/E ratio is approximately 2.8x to 3.0x, while SK Hynix's is around 2.3x to 2.7x. Their P/B ratios, calculated based on expected book value per share for 2028, have both dropped to 0.9x.
Tencent Hunyuan Releases Hy Memory 2.0, Fully Open-Sourcing Three-Layer Model Framework and Applications
On October 16, Tencent Hunyuan announced the upgrade of its agent memory framework, Hy Memory, to version 2.0, alongside the open-sourcing of the specialized model Hy-Memory-30A3B, the memory framework, and the local application MemHub. The three can be used independently or combined into a complete Memory solution. Tencent Hunyuan stated that this open-source release covers the model, framework, and application layers, providing a complete end-to-end pipeline for agent memory capabilities from foundational models to deployment tools.