📊 QUICK MATH #00706 AUG 2026

Asia's AI Chip Stocks Erased Wednesday's Gains in Four Hours

💸 SK Hynix -10.37% · Samsung -6.3% · Kospi -4.58%

SoftBank soared 13% on Wednesday. Financial Twitter declared AI the trade of the decade. Again.

On Thursday, SK Hynix lost 10.37%. Samsung dropped 6.3%. The Kospi sank 4.58% — enough to trigger a sell-side sidecar that halted program trading at 10:18 AM. SoftBank gave back 4.36%. CNBC

Same stocks. Same AI thesis. Same analysts. Twenty-four hours apart. Korea JoongAng Daily

SK Hynix CEO Kwak Noh-jung announced a $64 billion investment plan on Thursday morning. By Thursday close, his shareholders were down 10%. He gets a press conference. They get a push notification. AP/US News

J.P. Morgan says the AI investment cycle is intact. They always say that. It’s intact the way a building is intact while the elevator is in freefall — technically, the structure is fine. It’s the people inside who have the problem.

⚖️ GOLDEN FUMBLE

"The CEO calls Wednesday 'vision.' The broker calls Thursday 'a margin call.' Guess which one has a golden parachute. ⚖️"

📰 SourcesCNBC — Asian tech stocks drop with SK Hynix plunging 10% · Korea JoongAng Daily — Kospi falls 4.6% as Samsung, SK hynix lead selloff · AP/US News — Asian shares mostly lower, Kospi falls 4%