Market strategist who views semiconductor pullback as healthy consolidation, favors hyperscalers at low-20s multiples, and sees SK Hynix listing diverting flow from Micron.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
SK Hynix's $28B US listing provides American investors first direct access to the leading HBM memory maker, with fungibility constraints likely keeping ADRs at a premium to Korean shares similar to TSMC.
While memory makers generate record profits now, investors may be over-extrapolating cyclical peaks; SK Hynix's US listing could divert flow from Micron as the new pure-play alternative.