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SK Hynix Climbs in US Debut, CEO Says Memory Crunch to Last |Bloomberg Businessweek Daily 7/10/2026

Watch on YouTube ↗  |  July 10, 2026 at 21:26  |  48:56  |  Bloomberg Markets
Speakers
Chey Tae-won — Chairman, SK Group
Kwak Noh-Jung — CEO, SK Hynix
Chris Stansbury — President and CFO, Lumen Technologies
Tatiana Darya — Bloomberg News senior equities reporter
Ed Ludlow — Co-Host, Bloomberg Technology
Charlie Pellett — Anchor/Reporter, Bloomberg

Summary

SK Hynix's record US listing and management's bold statements on an endless memory chip shortage dominate the episode. The show also features Lumen's CFO describing its pivot to AI networking infrastructure, and a reporter outlining global diversification ideas away from US tech equities. Political and sports news round out the program but carry no investable market edge.

  • SK Hynix raised $26.5B in the largest US listing by a foreign company, with ADRs surging ~15%.
  • SK Group Chairman Chey Tae-won says memory supply may never catch demand, extending the AI-driven shortage indefinitely.
  • SK Hynix CEO Kwak Noh-Jung separately forecast memory shortages persisting beyond 2030.
  • Lumen CFO Chris Stansbury argued the company is a mispriced AI networking growth story after its Al Kira acquisition.
  • Bloomberg equities reporter Tatiana Darya suggested India, UK, and Japan as diversification trades as the AI rally matures.
  • Oracle fell on a credit rating downgrade, and Meta rose on analyst optimism about AI compute monetization.
  • Political stories included Trump removing two Election Assistance Commission members and ongoing US-Iran talks.
Ideas
Chey Tae-won Chairman, SK Group 7:02
Memory supply will never catch demand.
Demand for memory chips will keep growing driven by AI and AGI, and SK Hynix's supply capacity will never catch up until society reaches AGI and normalizes, creating a perpetual supply-demand imbalance that sustains high memory prices and benefits the company.
000660.KS HIGH
Chris Stansbury President and CFO, Lumen Technologies 22:47
Lumen is an undervalued AI networking play.
Lumen's acquisition of Al Kira adds cloud-to-cloud networking, transforming the company into the 'nervous system' for AI connectivity. The market misprices Lumen as a declining telco when over half its revenue is in growth, EBITDA will inflect this year, and revenue acceleration is likely. The company has moved from defense to offense with a focus on AI network monetization.
LUMN HIGH
Tatiana Darya Bloomberg News senior equities reporter 47:33
Diversify into India, UK, Japan.
As the concentrated AI trade matures, investors should diversify US equity exposure towards global markets offering better risk-adjusted returns and lower correlations. The top picks are India, the UK, and Japan, with Japan also benefiting from financials and rate normalization beyond its tech weighting.
INDA EWU EWJ MED
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This Bloomberg Markets video, published July 10, 2026, features Chey Tae-won, Chris Stansbury, Tatiana Darya discussing 000660.KS, LUMN, INDA, EWU, EWJ. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Chey Tae-won, Chris Stansbury, Tatiana Darya  · Tickers: 000660.KS, LUMN, INDA, EWU, EWJ