SOXL, DRAM Bulls Clash With Short Sellers, Unfazed by Micron's Slump: Short Seller Tracker - Moomoo

The semiconductor sector has recently experienced intensified rotation, particularly with a clash between bulls and bears in the DRAM market and SOXL (Semiconductor ETF). Despite a decline in Micron T... Read original →

The DRAM bulls-versus-bears clash isn’t just about Micron’s dip—it signals a structural shift driven by AI infrastructure’s insatiable bandwidth demands. Technologically, HBM3E/HBM4 ramp-up is forcing rapid upgrades in TSV and advanced packaging, with TSMC’s CoWoS bottlenecks already delaying deliveries for Micron and SK Hynix. On compliance, U.S. export controls raise equipment costs but accelerate regional supply chain consolidation, especially among Taiwan, China and mainland China players in mature-node DRAM. Samsung will likely maintain pricing discipline to protect share, while SK Hynix leverages its HBM lead to lock in NVIDIA and Microsoft. SOXL’s resilience reflects market pricing of an 'AI-driven memory density revolution': even as consumer electronics lag, DRAM bits per watt in data centers grow exponentially—creating a 24-month tailwind no short seller can easily arbitrage.