Gareth Soloway – YouTube, Released on 6/24/26

The AI memory trade may have just topped. SK Hynix is bringing $29 billion of shares to the US market, and that single move tells you everything about where Micron, SanDisk, and the memory stocks are headed next. In this video I break down why the smart money is already unloading, why incoming share supply is drying up the liquidity that fueled this run, and the exact price levels I’m watching on Micron from here. We go through the pre-IPO and IPO levels that act as structural floors, the SpaceX vs. RKLB and ASTS rotation that already played out, and why a cheaper, near-identical competitor coming public is a problem for the incumbent every single time. I also cover the margin story nobody is talking about, the chatter from companies like Apple about producing memory themselves, and my longer-term call that this entire sector eventually gets commoditized.

0:00 Have the semis topped?
1:00 The Nasdaq bounce nobody should trust
2:20 Cerebras and SpaceX back at IPO levels
4:30 The SK Hynix $29 billion bombshell
6:00 Why SK Hynix is a problem for Micron
7:00 The SpaceX, RKLB, ASTS rotation playbook
8:00 Margins, Apple, and the memory squeeze
9:40 My Micron downside targets
10:20 The commoditization call

Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks and President of VerifiedInvesting.com

  AI, investing, market correction, stocks