Analysis: AI computing power market is undergoing a shift, capital flowing from memory chips to cloud providers

CoinFeed, July 5th - Agent Garrett Jin of '1011 Insider Whale' published an analysis pointing out that the market structure has undergone significant changes this week. Funds within the AI industry chain are being reallocated, and the memory chip market shows signs of a near-term top. Micron's stock price faced resistance and pulled back around $1250. Despite earnings beating expectations, the stock fell on heavy volume, showing a typical topping pattern of 'weakening after positive news is priced in.' SK Hynix and Samsung Electronics in the Korean market also weakened. Data show that foreign investors have withdrawn over 100 trillion won (approximately $65 billion) from the Korean stock market in the past two months. The real direction of capital flows is not small- and mid-cap AI concept stocks, but core cloud computing giants such as Google, Microsoft, and Amazon.