Thanks for this update. It seems like SK Hynix's tech is ahead of Micron, such as HBM4 for Rubin. Looks like they will be the winner there. Unfortunately, I'm not finding easy access. No ADRs, etc.
That's the thing with SK hynix, only trades on the Korean exchange. If your broker doesn't have access, it's a no go. Hopefully we imparted some knowledge on the HBM landscape.
Great company. Fun fact: There is a rule among Korean stock investors: 'Rule No. 1: Never invest in the Korean stock market. Rule No. 2: Never forget Rule No. 1.'
Hello, I am Marco from Pisa (Italy) and I always follow you with pleasure. I wanted to ask for your opinion. I will never be convinced that the recent Chinese developments (DeepSeek, Qwen…) can in any way diminish the long-term outlooks of an incredible company like Nvidia. Do you agree?
Go with American. Micron. PEG of 0.08. PE under 16. Fair price today should be $600+. Demand for DRAM, especially 🇺🇸 made DRAM is going to be HUGE. It’s gonna be a good 4 years for MU
Why did you assume memory market will drop from 13% CAGR to 11.5% when every PC, phone, and new datacenter will need to switch over to massive amounts of DRAM and SSDs to handle the A.I. workloads? "Analysts project a compound annual growth rate (CAGR) of 43% for SK Hynix's revenue over the next three years. "
I don’t know about their CAGR but RAM on iPhones hasn’t changed between 15 pro and 16 pro even though the 16 is supposed to be built for AI. And datacenters are being built with AI in mind for years now. Those should already be in their revenue.
@@GeorgeO-84 My point is that all these devices currently need 10x more RAM to run A.I. For comparison, if silver is suddenly 100x more valuable because there's 10x demand due to a huge secular change, how much are the formerly-worthless, highly-competitive silver miners worth? Also, with more RAM, you need less GPU & less energy, the other two bottlenecks. Financial analysts like our wonderful pair here are thinking like the financial herd so they'll make herd profits. The herd still thinks it's a commodity. I didn't dream this idea up, I got it from the semi experts, the BG2 podcast in December and January with Baker and then Patel. SK Hynix being hard to get only makes it theoretically have more value per investment dollar, i.e. outside the U.S. investment bubble..
@@GeorgeO-84 All these devices need 10x more RAM and >1 TB SSDs to run the best A.I. That presents some difficulty for space on phones, so that portion will be offloaded to new A.I. centers. If silver goes up 100x due to silver demand being 10x, formerly-worthless, highly-competitive silver miners will be worth a lot more. It's not only increasing demand for HBM. People are running the largest Deepseek model with 528 GB DDR4 so that they don't need a GPU. RAM greatly reduces the amount of the other bottlenecks, GPU and energy. HBM is NVDA's bottleneck.
@@heelspurs you’re referring to building an LLM locally? No edge device needs that much resource to run AI inference. Proof is all the phones that are out now. They can run basic AI inference locally and for complex queries they reach out to the cloud (eg ChatGPT). That AI inference requires more resources at the datacenter is nothing new. That is all priced in most semi stocks already.
You are torturing me! No ADR? IBKR required so much documentation that I stopped sniffing around CATL. Maybe this will spur me on to open an account. Just hold the price here while I gather the documentation. Thanks.
It could be, but SK hynix got CHIPS funding to open in the US too. But SK doesn't trade on the US exchange. More of a video to provide a breakdown of the HBM market.
The fact that a war can break out in Korean Peninsula any time - any minute - scares the heck out of me as an investor. Unless one visits there, one forgets how dangerous the situation is. Seoul is literally within the artillery range of North Korean guns. And a mad man is in charge of the north.
@@chipstockinvestorHynix is (in addition to Korean stock exchange) at Frankfurt stock exchange, in euros, which normally is easy to access for US investors.
Thanks for addressing the links between cyclicality and commodities; it's an often overlooked aspect of investing.
Someone's gotta do it! There's nothing wrong with cycles, but there's no point in trying to dismiss the fact that they happen.
Thanks for this update. It seems like SK Hynix's tech is ahead of Micron, such as HBM4 for Rubin. Looks like they will be the winner there. Unfortunately, I'm not finding easy access. No ADRs, etc.
That's the thing with SK hynix, only trades on the Korean exchange. If your broker doesn't have access, it's a no go. Hopefully we imparted some knowledge on the HBM landscape.
There is Frankfurt DR
@@chipstockinvestor You can get a german ADR for SK Hynix with reputable international brokers like interactive brokers.
Great company. Fun fact: There is a rule among Korean stock investors: 'Rule No. 1: Never invest in the Korean stock market. Rule No. 2: Never forget Rule No. 1.'
Hello, I am Marco from Pisa (Italy) and I always follow you with pleasure. I wanted to ask for your opinion. I will never be convinced that the recent Chinese developments (DeepSeek, Qwen…) can in any way diminish the long-term outlooks of an incredible company like Nvidia. Do you agree?
Hi Marco, did you see our blog article we posted on the community board?
@@chipstockinvestor No, I haven't seen it yet, I'll do it right away. Thank you very much!🙂
How come this channel doesn't even talk about Deepseek ? Some kind of denial ? This news rocked chip industry !
Check the community board, we did a blog post
i have seen reports Samsung is not having much luck with NVDA certification
Was wondering why i couldn't find this company, it's not available on my broker.
Does your broker have access to the Korean exchange?
@@chipstockinvestor By the looks of it, no. It's trading 212.
Go with American. Micron. PEG of 0.08. PE under 16. Fair price today should be $600+. Demand for DRAM, especially 🇺🇸 made DRAM is going to be HUGE. It’s gonna be a good 4 years for MU
You are missing the MAIN POINT here, why demand of HBM3 will increase
Why did you assume memory market will drop from 13% CAGR to 11.5% when every PC, phone, and new datacenter will need to switch over to massive amounts of DRAM and SSDs to handle the A.I. workloads? "Analysts project a compound annual growth rate (CAGR) of 43% for SK Hynix's revenue over the next three years. "
I don’t know about their CAGR but RAM on iPhones hasn’t changed between 15 pro and 16 pro even though the 16 is supposed to be built for AI. And datacenters are being built with AI in mind for years now. Those should already be in their revenue.
@@GeorgeO-84 My point is that all these devices currently need 10x more RAM to run A.I. For comparison, if silver is suddenly 100x more valuable because there's 10x demand due to a huge secular change, how much are the formerly-worthless, highly-competitive silver miners worth? Also, with more RAM, you need less GPU & less energy, the other two bottlenecks. Financial analysts like our wonderful pair here are thinking like the financial herd so they'll make herd profits. The herd still thinks it's a commodity. I didn't dream this idea up, I got it from the semi experts, the BG2 podcast in December and January with Baker and then Patel. SK Hynix being hard to get only makes it theoretically have more value per investment dollar, i.e. outside the U.S. investment bubble..
@@GeorgeO-84 All these devices need 10x more RAM and >1 TB SSDs to run the best A.I. That presents some difficulty for space on phones, so that portion will be offloaded to new A.I. centers. If silver goes up 100x due to silver demand being 10x, formerly-worthless, highly-competitive silver miners will be worth a lot more. It's not only increasing demand for HBM. People are running the largest Deepseek model with 528 GB DDR4 so that they don't need a GPU. RAM greatly reduces the amount of the other bottlenecks, GPU and energy. HBM is NVDA's bottleneck.
@@heelspurs you’re referring to building an LLM locally? No edge device needs that much resource to run AI inference. Proof is all the phones that are out now. They can run basic AI inference locally and for complex queries they reach out to the cloud (eg ChatGPT). That AI inference requires more resources at the datacenter is nothing new. That is all priced in most semi stocks already.
You are torturing me! No ADR? IBKR required so much documentation that I stopped sniffing around CATL. Maybe this will spur me on to open an account. Just hold the price here while I gather the documentation. Thanks.
😘😘😘😘😘
Wouldn’t Micron be a better pick? Since Trump wants to impose more US manufacturing?
It could be, but SK hynix got CHIPS funding to open in the US too. But SK doesn't trade on the US exchange. More of a video to provide a breakdown of the HBM market.
My thoughts, too. I have a little SK Hynix and a lot of Micron in my portfolio
The fact that a war can break out in Korean Peninsula any time - any minute - scares the heck out of me as an investor. Unless one visits there, one forgets how dangerous the situation is. Seoul is literally within the artillery range of North Korean guns. And a mad man is in charge of the north.
@@chipstockinvestorHynix is (in addition to Korean stock exchange) at Frankfurt stock exchange, in euros, which normally is easy to access for US investors.
@@jaylinn416 it’s been like this since before SK Hynix was created. Not a valid deterrent for the stock.