Brandon

New Beyond the Box Score! @dwainmcfarland and @DanSchneierNFL roasted my rankings! 2026 Fantasy Football Rankings (Top-75 RBs) youtube.com/live/fG1dooY7F…

Our lead crypto analyst just made his first pure-play AI investment. He's getting AI hardware exposure at ~3x 2026 earnings, while everyone else pays 30x for Nvidia. Here's what he found (bookmark this)... @m0xt_ has been hunting for a real AI hardware position for months. The more he uses AI every day, the more obvious it gets that this buildout is years away from peaking. The problem is valuation. Nvidia, AMD, Broadcom, the whole obvious basket - all priced to perfection. So he went looking for the company everyone needs but nobody talks about. That search led him to SK Hynix. The world's #2 memory chip maker behind Samsung. But the real story is HBM - high bandwidth memory. This is the data fast lane inside every modern AI system, the piece that lets Nvidia, AMD, and Google chips actually move data fast enough to train models. SK Hynix owns roughly 60% of that market and is Nvidia's primary supplier. Samsung and Micron are still trying to catch up on the tech. The latest quarter: Revenue up 192% year over year. Operating profit up 405%. Margins at 72%. Those are Nvidia-style numbers. The difference is almost nobody outside Korea is paying attention. SK Hynix trades at about 4.5x expected 2026 earnings. Micron, which is behind on tech and earns roughly half the profit per dollar of revenue, trades above 10x. The gap exists for one reason: SK Hynix is a Korean stock, and Korean stocks have historically traded at a discount over governance and access concerns. That's changing. The Korean government is pushing reform, and SK Hynix management has confirmed they're exploring a US listing. If that happens, the discount compresses fast. But @m0xt_ didn't buy SK Hynix. He found a better way to express the trade. SK Square is a holding company with ~20% of SK Hynix sitting inside it, and that single stake represents roughly 95% of SK Square's value. (The rest is cash and small investments.) The two stocks move with a correlation above 0.95, but SK Square trades at a 40% discount to the value of what it holds. So you're buying SK Hynix at a discount on a discount. (AI memory exposure at roughly 3x 2026 earnings.) The discount has been sitting between 40% and 70% since SK Square was created in 2021. What's different now is that closing that gap has become a stated management priority - and executive compensation is tied directly to hitting it. That kind of comp structure is rare in Korea. The official target is below 30% by 2028. Activists are pushing too. Palliser Capital and Third Point have both built meaningful positions. Third Point has gone as far as suggesting SK Square take on debt against the Hynix stake to fund buybacks. There's real pressure now, from inside and outside. Three independent ways this trade pays off: 1/ SK Hynix keeps compounding as the AI memory leader. 2/ A US listing re-rates the Korean parent. 3/ The SK Square holding company discount closes toward management's target. @m0xt_ started building the position two days ago. SK Square is up ~18% since. He's hoping for a pullback to add more, because he wants this to grow into one of his top three positions in his portfolio. Want to see the exact size he's putting on, where he's adding, and everything else in his portfolio? Check the link in the first comment.