The David Lin Report · Tuesday, July 28, 2026
Jason Shapiro, founder of the Crowd Market Report, notes that major semiconductor stocks, particularly in South Korea like SK Hynix, have experienced significant sell-offs, with some dropping 30-40%. Despite these drops, Shapiro questions the frequent calls of a "bubble," suggesting that a lot of potential speculation may have already been wrung out of the market.
“A huge sell-off, as you know, from, uh, a couple, couple of weeks ago, really, from the end of June to now. Most of the, um, major semis have sold off in some way, especially overseas and South Korea where SK Hynix, uh, dropped considerably. The, uh, the stock dropped about 30 to 40%, wiping out almost, I believe I read 1.2 million accounts in the country got margin calls.”
“You know what? That's a good point. That's a good point. It's down about 70% from its top, which hasn't, yeah. 17,000% from its bottom.”
“I do think that the calls for bubble are, in my view, I mean, I think we've been having this conversation now for four years where I've been saying this. I do think that they continue to be somewhat ridiculous.”