Zaid Admani

So that caught the attention of the market.

People are already calling this the deep seek moment for memory.

Stocks of SK Hynix and Samsung fell five to 6% in South Korea.

And then you have Micron, SanDisk and Western Digital all down about three to 4% today.

Now,

Similar to the DeepSeek situation, this is probably an overreaction.

You know, when DeepSeek came out back in January of 2025, all these chip companies like Nvidia stock tanked because everyone thought that it was gonna reduce the demand for GPUs.

But none of that actually happened.

In fact, there's more demand for GPUs than ever before.

The reality is as these AI models get more efficient and these compression algorithms get better, companies aren't gonna cut back on memory.

They're just gonna do more with the memory they have.

So again, this might be an overreaction by the markets.

I think this new research from Google might just be an excuse for investors to take profits after the massive run-up in these memory stocks over the past year.

Let's talk about some stocks making moves today.

Shares of the hair care company Olaplex are up more than 50% this morning after the German consumer goods giant Henkel announced that it's acquiring the company for $1.4 billion or $2.06 a share.

Now, if you aren't familiar with Olaplex, I'm pretty sure your girlfriend or your wife probably is.

This was the hair care brand that blew up on social media back in 2020 and 2021.

My wife was definitely obsessed with it for a minute.

And the company rode that hype all the way to an IPO in 2021 at a $13 billion valuation.

I'm telling you guys, 2021 was just so crazy that a shampoo company was valued at $13 billion.