If Hynix's market cap surpasses Samsung Electronics, is it a bubble collapse signal?

Summary

Park Se-ik reviews several news articles covering Samsung labor strikes, CXMT's explosive growth, Murata's MLCC dominance, global bond market turmoil, and the risk of a bubble signal if SK Hynix surpasses Samsung in market cap. He expresses caution on overheated short-term conditions but assesses the medium-term outlook as constructive due to favorable FX and solid earnings.

• CXMT posted record profits and plans a massive IPO, intensifying competition for Samsung and SK Hynix.
• Murata is the dominant global MLCC maker with high barriers to entry and strong AI server demand.
• Warren Buffett increased Alphabet while Bill Ackman boosted Microsoft, showing differing AI bets.
• Global bond yields have spiked; US 10-year at 5% could trigger a 10%+ equity correction.
• Korean bond yields are relatively stable as rate hikes are already priced in.
• SK Hynix market cap is approaching Samsung's but Park believes no inversion will occur this year.
• KOSPI is technically overheated but the won/dollar at 1,500 supports continued export momentum.