Citrini forecasts a global DRAM shortfall of 28.7 EB by 2030, with the memory market set to enter a long-term period of tight supply and demand.

According to Hyperinsight’s monitoring, U.S. stock indices closed flat overnight, with storage and semiconductor sectors seeing a broad pullback; Micron and SK Hynix ADRs both dropped more than 8%. In contrast, ETH rose around 2.9% to approximately $1,922.15, continuing to outperform U.S. stocks and the semiconductor sector. The prominent ETH short whale "pension-usdt.eth" is currently shorting 50,000 ETH with 3x full-position leverage, for a notional value of about $96.105 million. The average entry price is $1,700.06, and the position carries an unrealized loss of $11.102 million (-39.2%). Its liquidation price is roughly $2,176.25, about 13.2% above the current price.

Goldman Sachs analyst James Yaro has released an analysis report on Robinhood (HOOD), maintaining a "Buy" rating and raising its target price again from $121 to $137.

Citigroup has cut Microsoft’s target price, citing the company’s AI investments are putting greater pressure on short-term free cash flow and profit margins, while maintaining a Buy rating. The bank lowered Microsoft’s target price from $620 to $570. It noted that Microsoft remains one of the clearest players in the commercialization of AI software and cloud computing, but the pace of capital expenditure on Azure data center construction, GPU procurement, and AI infrastructure expansion may continue to weigh on investors’ cash flow expectations in the coming quarters. The bank still believes Copilot, Azure AI services, and enterprise customer migrations will underpin long-term revenue growth. The main point of divergence lies in the timeline: the market was previously willing to price in AI earnings in advance, but is now starting to demand that Microsoft prove these expenditures can translate into profits faster. Mizuho and Wells Fargo have also recently cut Microsoft’s target prices, while maintaining positive ratings. The shared view among multiple institutions is that Microsoft’s AI assets remain attractive, but its stock price needs to digest near-term pressures from high capital expenditure, the AI-driven reshaping of its traditional software business, and a reassessment of Azure’s growth expectations.

According to South Korean media reports, Financial Services Commission Chairman Lee Won-yeon stated that regulators are developing a comprehensive plan for single-stock leveraged ETFs and plan to announce it soon. He added that regulators are closely assessing the impact of such products on recent volatility in South Korea’s stock market, but remain cautious about measures like trading halts, noting that potential market side effects need to be fully considered. The report noted that South Korean President Lee Jae-myung previously instructed financial regulators to quickly formulate supplementary regulatory measures for single-stock leveraged ETFs of companies including Samsung Electronics and SK Hynix. Launched in South Korea in May this year, these products offer 2x leverage on the daily price fluctuations of individual stocks and are classified as high-risk investment products.

According to Hyperinsight monitoring, yesterday midday, a whale with an address starting with 0x8af chased to build a long position in SK Hynix (SKHX) when the stock rebounded to around $1,440. The whale opened a total of 301 long orders in a short period, trading 6,008 contracts at an average price of approximately $1,440, with a total position size of about $8.6516 million. The entry price was roughly $1,439.91, precisely at the highest tier of this rebound. SKHX subsequently plunged sharply; as of press time, it is trading at around $1,237, down roughly 14% from the whale’s cost line. Focusing solely on the SKHX long position, the address currently holds a 10x full position, with its nominal size reduced to approximately $7.453 million, an unrealized loss of ~$1.199 million, and a return rate of -138.6%.

Bank of Korea Governor Hyun Song Shin announced that the central bank will raise the interest rate on its special loan program.