$SK hynix(SKHY)$ How does SKHY navigate the cresting of margin increases? Short term, I think we see some volatility that works against the stock, but after that, the data center buildout over the next 3-5 years should bring a period of decent profits and give SKHY a boost.

Will there be a memory glut? That depends on how corporate AI adoption plays out. I expect a large wave of adoption early on, then a slower stretch as companies wait for better products. The computer age was a massive boom from 1985-1991, then slowed down. The internet boom ran from 1995-2000, then crashed hard. The smartphone boom lasted from 2006-2026 — just look at AAPL's stock price over those years. The AI boom started in 2022 and we still have no clear sight of how big or how long it will be. Even so, it's reasonable to estimate it runs beyond this decade.

The doom and gloom the bears are bringing right now is horrible for SKHY and feels overstated. With LTAs and AI spending not slowing down through at least the end of the decade, and with robotics and automobile automation possibly helping memory stocks sustain profitability, SKHY's income statement and balance sheet should show some amazing ratios. Eventually Wall Street will acknowledge that, and the stock price will hopefully stabilize at a P/E of 7-10 times earnings. Hopefully? I hate the uncertainty right now with the bearish sentiment around. A P/E of 9 a year out would put SKHY at $210-$250, depending on how high earnings come in. It all comes down to luck, and I'd take that pricing to the bank if it gets there.