Neil Freiman

So right now we're seeing a melt-up, a chip stock melt-up that's even greater than in 1999.

That's

That's what happened in the dot-com bubble.

One of the huge winners here, and you mentioned it briefly, is South Korea's stock market.

It is dominated by Samsung and SK Hynix, which make memory chips.

Samsung recently became a $1 trillion company.

And South Korea's stock market is now in the world's top seven.

It leapfrogged Canada to be in that top seven.

It's up almost more than 71% this year.

So if you're looking for just vertical charts everywhere, but especially in South Korea, things are going crazy.

It's a banana chart.

Now, the memory crunch giveth and the memory crunch taketh away.

And one one of the companies that is not doing well because of the memory crunch is Nintendo and other consumer electronics companies, because now they're going to have to pay more for memory that goes inside their products.

Nintendo stock is down more than 50 percent in the past six months.

And on Friday announced it would have to hike the price of the Switch to by fifty dollars to five hundred dollars.

Beginning in September, it also forecast a 17% drop in Switch 2 sales this year because of those price hikes and other headwinds facing the consumer electronics industry.

So these chip stocks that are actually making the chips, the CPUs that are so integral to AI agents, all the memory, Micron, Intel, SanDisk, they're crushing it.

But then if you actually make the products...

I mean, we saw this on Apple's Apple's earnings call recently that they're going to have to pay more for memory and then they might have to raise prices for consumers as a result.

Either way, this chip stock meltup is doing wonders for the actual stock market, for the broader stock market.