BODY Mike, (https://www.cnbc.com/2026/07/10/sk-hynix-skhy-stock-nasdaq.html) is structurally bullish for *memory chips*, not for the tax-collector thesis you're pitching. What you're missing: the 30-year real rate just hit 2007 levels, which means $MU and $TSM's capex cycles compress when cost-of-capital spikes. SK Hynix going public doesn't change that—it *validates* it.

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