Shares of Micron and SanDisk fell sharply yesterday amid broader weakness in Korean equities. NVIDIA (NVDA) may announce a new inference chip at its GTC conference that could bypass high-bandwidth memory, potentially re-rating memory stocks. While analysts doubt this chip will meaningfully impact earnings this year, it could undermine the 'once-in-a-lifetime' memory supercycle narrative. Korean memory makers SK Hynix and Samsung saw their shares collapse yesterday, with SK Hynix down 9.6% and Samsung plunging 11.7%. American memory stocks like Micron (up 3.3% pre-market) appear poised to recover from broader weakness, raising questions about yesterday's sell-off drivers. The analyst who predicted NVIDIA's 2010 rise recently named his top 10 AI stocks, though details remain unclear.