$SK hynix(SKHY)$ They pulled in $41.6 billion in net profit in a single quarter. That's more than Apple is likely to report, and more than the annual GDP of most countries — Armenia's GDP is around $32 billion for reference. They're practically printing cash at this point, and with a forward PE of 4, buying back shares right now seems like the obvious move. It's honestly strange to see companies like SK hynix and Micron trading at ultra-low multiples while names like SpaceX and Tesla, which aren't really making money, trade at completely unrealistic valuations.
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