$SK hynix(SKHY)$  $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Invesco QQQ(QQQ)$ SK Hynix spent roughly 36 billion on buybacks this morning. That seems cheap for 3.3% of the company. The company had about $49 billion in cash, and it's expected to generate another $11 billion next quarter. Free cash flow is supposed to increase every quarter for the next 4 years. I'd expect buybacks to keep happening quarterly alongside capex.

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