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Author asserts markets are crashing over 'dumb news' that a Chinese company…

2026-07-28 · 03:04 UTC ·@cryptopunk7213 ·1 min read

Brief

Author @cryptopunk7213 argues markets are overreacting to 'dumb news' that a Chinese company built a prototype of a $300M ASML lithography machine. He warns global demand for memory, lithography, chips and energy will explode — 13 customers will account for 40% of SK hynix’s revenue next year (already paying upfront) — while <5% of people use AI today.

Why it matters

Author asserts markets are crashing over 'dumb news' that a Chinese company created a prototype of a $300M ASML lithography machine (post dated 2026-07-28).

Key details

  • Claims 13 customers (thirteen) will make up 40% of SK hynix's revenue next year (and they're already paying upfront!), signaling concentrated, committed demand.
  • Predicts explosive demand for kv cache memory, DRAM in GPUs, lithography, chips and grid/data-center power as AI scales: fewer than 5% of people use AI today, and each agent (opus, fable, codex) requires a 'f*ckton' more memory and power.
Source evidence

stock market crashing on some dumb news a chinese company has created a prototype of a $300M ASML machine is so stupid.

the world is going to need infinite amounts of memory, lithography, chips and energy. 13 customers (thirteen) make up 40% of sk hynix’s revenue next year (and they’re already paying upfront!)

every agent opus, fable and codex spins up requires a f*ckton more kv cache memory, dram in your gpus, power from the grid and data centers to serve inference.

less than 5% of people in the world are truly using AI’s capabilities.

any way you project the future, it’s going to need so much more of everything

the only reason markets are volatile is because the potential isn’t clear to everyone.

but it will be.