Speaker

Jake Silverman

5 bits across the podcasts they've appeared on

We're in a particularly strong up cycle. I think the argument around why the stock should be worth a trillion dollars is that Micron and the other memory makers are no longer really in a cyclical situation. It's possible what we're seeing is a structural change in the memory market.

Jake Silverman

Memory Chip Frenzy Sends SK Hynix, Micr…

It's not like the stocks just seeing tons and tons of multiple expansion purely out of speculation that earnings are going to eventually reach that point. What we're actually seeing is real earnings growth.

Jake Silverman

Memory Chip Frenzy Sends SK Hynix, Micr…

We've seen billions of dollars burned in prior down cycles for memory makers, and so they want reassurances that look, if we're gonna spend billions of dollars on these fabs, we wanna get the ROI for them. And so these structural agreements potentially change the cyclicality in the future.

Jake Silverman

Memory Chip Frenzy Sends SK Hynix, Micr…

Technology

$1 Trillion Valuation Club

Memory Chip Frenzy Sends SK Hynix, Micron Intro $1 Trillion… · May 27, 2026

An ongoing up cycle and structural tailwinds are shifting memory chip manufacturers from highly cyclical ratings to more sustainable multi-year forward earnings valuations.

Technology

5 to 6 Times Multiple Premium

Memory Chip Frenzy Sends SK Hynix, Micron Intro $1 Trillion… · May 27, 2026

The valuation multiple premium of the semiconductor index over the S&P 500 currently sits at 5 to 6 times, compared to a premium of 7 to 8 times during previous peak cycles.