The correlation between Samsung/SK Hynix and DRAM/NAND price hike reports. Every time there’s news reporting a significant increase in DRAM and NAND prices, both of them, along with EWY, seem to drop. Shortly after the drop, prices rebound and surge again. Last month, Trendforce reported a 70% increase in DRAM and over 100% increase in NAND prices. Following the news, Samsung and SK Hynix both saw declines. One month later, they rose by 27.8%. This time, after DRAM price hike reports from sedaily and digitimes, both dropped again. But maybe the war in Iran is a more significant confounding factor. Dropping on positive news seems very counterintuitive. But ultimately, fundamentals will push prices back to where they should be. Especially if by next year, SK Hynix’s operating income for 2026-2027 ends up exceeding its market cap? Macquarie’s February 24-25 forecast of ~$190.5 billion + ~$312.8 billion in operating income projections ($503 billion operating income vs. SK Hynix’s ~$514 billion market cap).