Core Viewpoint - NVIDIA's potential announcement of a new inference chip at the upcoming GTC conference may have contributed to the decline in memory stocks like Micron and SanDisk, raising concerns about a shift in the memory market narrative [1][2] Group 1: Market Reactions - Micron's shares fell after a significant sell-off in Korean memory stocks, with SK Hynix dropping 11.5% and Samsung 9.9% [1] - Despite the broader market weakness, American memory stocks like Micron and SanDisk showed resilience, with Micron up 3.3% and SanDisk up 4.2% before market opening [1] - The KOSPI index fell 12% in the latest trading session, with SK Hynix and Samsung experiencing further declines of 9.6% and 11.7%, respectively [1] Group 2: NVIDIA's New Chip - NVIDIA is reportedly preparing to launch a new chip that utilizes a radically different architecture, focusing on SRAM instead of high-bandwidth memory (HBM) [1] - The new chip is expected to enhance efficiency for inference workloads, potentially allowing NVIDIA to compete more effectively against companies like Broadcom [1] - NVIDIA's acquisition of Groq for $20 billion indicates a strategic shift towards this new architecture, which could impact the demand for HBM and NAND flash memory [1] Group 3: Implications for Memory Stocks - The introduction of NVIDIA's new chip could lead to a re-rating of memory stocks, particularly if it disrupts the current memory supercycle that has benefited companies like Micron and SanDisk [2] - Micron's guidance suggests projected revenue of $18.7 billion for the next quarter, indicating strong performance despite potential long-term threats from NVIDIA's new technology [2] - SanDisk is expected to report historic EPS growth this year, but the market is concerned about the long-term implications of NVIDIA's advancements [2]