Memory Chip Frenzy Sends SK Hynix, Micron Into $1T Club
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Memory Chip Frenzy Sends SK Hynix, Micron Into $1T Club
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
When global equities are offering such meaty returns, betting on the broader markets will pay off better than a quest for individual winners.
South Korea’s SK Hynix on Wednesday became just the third Asian company to join club of companies with a market capitalization of $1 trillion. That is a coveted distinction considering that even the Nasdaq 100 boasts only 10 companies that are part of the group.
One day earlier, Micron has experienced a significant market surge, surpassing a $1 trillion valuation driven by robust demand in the artificial intelligence sector. Despite this, the company remains undervalued, trading at under 10 times forward earnings.
On this episode, guest host Christina Ruffini and Tim speak with:
- Ian King, Bloomberg News US Semiconductor Reporter
- Brieane Olson, PacSun CEO on new book 'Co-Created: The Cultural Strategy That Redefined Pacsun' and her turnaround of the company
- Kelsey Berro, JPMorgan Asset Management Global Fixed Income, Currency and Commodities (GFICC) Portfolio Manager
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