(https://www.marketwatch.com/story/sk-hynix-suggests-its-stock-is-too-cheap-as-it-embarks-on-29-billion-buyback-c8b35d4f?mod=mw_rss_topstories) a $29B buyback claiming current valuations don't reflect "intrinsic value" — but here's the forensic angle: memory chips are a commodity cycle, and massive buybacks after a selloff historically precede earnings compression, not expansion.

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