Neil Freiman

No, lots of comparisons here to the dotcom bubble in 1999, which didn't exactly end well.

In fact, the top stocks now are doing better than in 1999.

The top 10 performers in the Nasdaq 100 over the past year.

are up an average of 784%, according to BTIG.

In the March 2020 peak, the rise was of the top 10.

Tech stocks was just 622% on average.

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.