Micron Revives AI Trade; SK Hynix Seeks US Listing | The Asia Trade 6/25/2026

Watch on YouTube ↗ | June 25, 2026 at 04:26 | 1:35:12 | Bloomberg Markets

Speakers

Jake Silverman — Reporter, CoinDesk

Anthony Stevens — Bloomberg Market Producer

Sangmi — Korea Markets Reporter

Mehdi Hosseini — Senior Equity Research Analyst, Susquehanna International Group

Shuli Ren — Opinion Columnist, Bloomberg

Kerry Craig — Editor-in-Chief, Coindesk

Xiaomeng Lu — Director of Geotechnology, Eurasia Group

Host (Haidi Stroud-Watts) — Anchor

Summary

The Asia Trade covers a revival of AI trade on Micron's blowout forecast and Qualcomm's data-center push. SK Hynix seeks a $29B U.S. listing, driving Korean chipmakers sharply higher. Oil falls back to pre-war levels on peace progress, easing inflation fears. Other topics include BOJ hawkishness, yen weakness, Chinese rare-earth export curbs, and warnings on leveraged single-stock ETFs.

Micron's revenue forecast crushes estimates, signaling strong AI-led memory demand.
Qualcomm enters data center chip market with billion-dollar revenue opportunity.
SK Hynix announces $29B Nasdaq listing to expand capacity, shares leap 8%.
KOSPI jumps over 5% as AI trade re-ignites Korean macro optimism.
Oil erases wartime gains as Iran peace talks progress and supply returns.
Japanese chip-equipment makers Tokyo Electron and Advantest rally on memory capex.
BOJ Governor warns inflation may top 2%, yen hovers at 40-year low.
China halts key mineral exports to Japan, raising rare-earth supply concerns.
Columnist warns leveraged single-stock ETFs face volatility decay, hurting retail investors.

Ideas

Jake Silverman Reporter, CoinDesk 3:19

Memory supply shortage fuels Micron upside

Micron is signing long-term contracts for pricing with optionality for higher prices, underpinning strong revenue visibility. The entire memory industry is capacity constrained and supply will not catch up with AI-driven demand until at least end of 2028, creating a sustained supply-demand imbalance.

Jake Silverman Reporter, CoinDesk 5:19

Data center entry expands Qualcomm revenue significantly

Qualcomm is entering the data center market, a brand-new segment that expands its addressable market. Meta and Microsoft are willing to adopt its products, showing progress and increasing competition in GPUs and XPUs, while helping replace lost core-business revenue with a market that could reach a trillion dollars.

Anthony Stevens Bloomberg Market Producer 6:41

AI macro trade lifts South Korea stocks

Micron’s results give a strong read-through to Korean macro, with manufacturing optimism rising and AI demand becoming a macro trade. The KOSPI is set for a 5% upside move, and foreign outflows of $9 billion from Korea and Taiwan look like panic that should abate as the AI outlook strengthens.

Mehdi Hosseini Senior Equity Research Analyst, Susquehanna International Group 16:59

Samsung gaining HBM market share advantage

As Samsung becomes stronger and more effective in HBM manufacturing, it will grab market share from SK Hynix in HBM4, benefitting its relative position. The supply-demand imbalance in memory is a key bottleneck for AI, and Samsung stands to gain.

Sangmi Korea Markets Reporter 44:39

US listing and HBM dominance drive re-rating

SK Hynix plans a $29 billion U.S. listing in July to buy more machines and extend capacity. The company dominates high-bandwidth memory with 58% market share, has added 850% over the past year, and trades below 10x forward earnings compared to global peers, suggesting significant re-rating potential.

Kerry Craig Editor-in-Chief, Coindesk 52:11

AI cycle early, secular driver for markets

The market is still fairly early in the AI cycle, which is a secular theme. AI will remain a main driver of markets over the coming six months, and the recent volatility is natural, with repositioning creating a healthy backdrop for AI-related assets.

Anthony Stevens Bloomberg Market Producer 61:53

AI memory capex benefits Japanese chip equipment

The AI memory capex boom is filtering down to the semiconductor supply chain. Japanese equipment makers that test, produce, and supply parts for memory manufacturing are seeing strong demand, driving gains in names like Tokyo Electron and Advantest.

Shuli Ren Opinion Columnist, Bloomberg 86:58

Leveraged single-stock ETFs suffer volatility decay

Retail investors are gravitating toward leveraged single-stock ETFs like SK Hynix 2x and Micron 2x products, but these suffer from volatility decay. In a market with 10% up and down daily swings, the 2x leveraged structure mathematically requires a much larger rally to break even, making them extremely risky.

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This Bloomberg Markets video, published June 25, 2026, features Jake Silverman, Anthony Stevens, Mehdi Hosseini, Sangmi, Kerry Craig, Shuli Ren discussing MU, QCOM, EWY, 005930.KS, 000660.KS, AI-related equities, 8035.T, 6857.T, SK Hynix leveraged ETFs, Micron leveraged ETFs. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jake Silverman, Anthony Stevens, Mehdi Hosseini, Sangmi, Kerry Craig, Shuli Ren · Tickers: MU, QCOM, EWY, 005930.KS, 000660.KS, AI-related equities, 8035.T, 6857.T, SK Hynix leveraged ETFs, Micron leveraged ETFs