Behind the Markets Podcast · Friday, October 30, 2026
Blake Hyben and Michael Friedman discussed memory manufacturers like SK Hynix, Samsung, and Kioxia, noting that while capacity is sold out through 2027 and into 2028, lack of technological moats and the risk of aggressive cyclical downturns keep valuations low.
“SK Hynix had a very positive impact. uh result there and then samsung didn't really kind of replicate it they pushed out their um their actual I guess their commitment, they're at least stating their commitment another quarter.”
“those companies are trading low valuations because that's how this industry is trading, right? On Trafa cycle, they don't earn anything, right? That's why they start to trade on price to book.”