A $28 Billion AI IPO Trading at Just 7x Earnings: Too Cheap or Too Cyclical to Trust?
Quick Read SK Hynix’s $28B NASDAQ IPO trades at just 7x forward earnings, which is cheaper than NVDA at 22x, even as profits doubled to $28B and Q1 revenue tripled. Leopold Aschenbrenner’s Situational Awareness fund may anchor $7B of the deal, betting HBM demand won’t follow historical memory cycle collapse patterns. Don’t wait: the analyst…