To The Moon

1. Micron: Apple's aggressive pricing strategy helped create today's memory shortage $美光科技(MU)$

Micron Chief Business Officer Sumit Sadana said Apple's aggressive pricing negotiations during the 2023 memory downturn discouraged memory manufacturers from expanding capacity.

As AI demand has surged, the industry is now facing a much tighter supply environment. According to Micron, the underinvestment during the downturn has become one of the key reasons behind today's memory shortage, ultimately forcing Apple to raise prices across multiple product lines.

2. South Korea's KOSPI plunges more than 8%, triggering a market-wide circuit breaker

South Korea's KOSPI Index fell more than 8%, triggering a full-market circuit breaker and halting trading for 20 minutes.

The selloff wiped out much of the market's recent gains, erasing an estimated $246 billion to $400 billion in market value. Semiconductor giants Samsung Electronics and SK Hynix both suffered sharp declines.

Foreign investors reportedly sold approximately KRW 2.5 trillion (around $1.6 billion) worth of Korean equities as concerns over AI demand and weakening market sentiment intensified.

3. U.S. government reportedly requires OpenAI to conduct a limited rollout of GPT-5.6

Following a meeting between OpenAI CEO Sam Altman and U.S. Commerce Secretary Howard Lutnick, the U.S. government has reportedly requested that OpenAI limit the initial release of GPT-5.6.

Instead of a broad public launch, early access would be restricted to selected partners, with customer access subject to case-by-case approval due to the model's advanced capabilities.

The review process reportedly involves the Office of the National Cyber Director and the White House Office of Science and Technology Policy, which will oversee additional cybersecurity evaluations.

The approach mirrors previous restrictions applied to Anthropic's frontier models and signals increasing government oversight of next-generation AI systems.

4. SanDisk surges after Micron earnings, outperforming the memory sector $闪迪(SNDK)$

Following Micron's earnings report, SanDisk shares jumped as much as 22%, outperforming Micron itself.

Investors are increasingly expecting SanDisk to deliver a strong earnings report next month, supported by accelerating NAND demand driven by AI infrastructure investment.

The rally pushed SanDisk to a new record high of approximately $2,348 per share, bringing its year-to-date gain to more than 748% and lifting its market capitalization to roughly $345 billion, surpassing companies such as Chevron and Netflix.

5. Samsung reportedly preparing a KRW 1 quadrillion investment plan

According to National Business Daily, Samsung Group is preparing an investment program totaling KRW 1 quadrillion (approximately $646 billion) over the next decade, potentially the largest corporate investment initiative in South Korean history.

The report also says executives from Samsung and SK Hynix, South Korea's two most valuable semiconductor companies, are expected to attend a presidential briefing at the Blue House early next week.

6. Surging memory prices force Apple to raise product prices $苹果(AAPL)$

Rapid increases in memory costs are reportedly forcing Apple to raise prices across several major product lines.

Following the news, Apple shares fell nearly 6%.

The reported price adjustments include:

• MacBook Neo: $599 → $699 • MacBook Air: $1,099 → $1,299 • MacBook Pro: $1,699 → $1,999 • Mac Studio: $1,999 → $2,499 • iPad Air: $599 → $749 • iPad Pro: $999 → $1,199