Korea GCR 🌏

damn

ISRAELI MILITARY SAYS IT STRUCK 'ARMED TERRORISTS' WHO POSED AN IMMEDIATE THREAT TO SOLDIERS OPERATING IN THE SECURITY ZONE IN SOUTHERN LEBANON (@WalterBloomberg)

Is It Time to Sell When the #1 Market Cap Changes Hands? (A Historical Perspective) ✍️ Key Facts & Summary SK hynix has overtaken Samsung Electronics to become the largest company in the KOSPI by market capitalization. Meanwhile, NAND memory maker Kioxia has also climbed to the top spot in Japan's equity market. The question is whether this signals a market peak or a genuine paradigm shift. Looking at history, leadership changes at the top tend to fall into three broad categories. (The figures below are approximate and meant to illustrate the framework rather than serve as precise data.) 1. Valuation Bubble Earnings growth failed to justify the valuation expansion. Once sentiment peaked, the stocks collapsed. NTT (1989): Japan's asset bubble. While the broader Japanese market traded around 60x earnings, NTT reached triple-digit P/E multiples. Korea Telecom / KT (1999): Beneficiary of the dot-com era. Cisco (2000): Dot-com bubble. Peak valuation reached roughly 150–200x earnings. In FY2000, Cisco generated $18.9 billion in revenue and $2.67 billion in net income, yet its market cap exceeded $550 billion. PetroChina (2007): Traded around 50–60x earnings on the Shanghai A-share market, while its Hong Kong-listed shares traded closer to 20x. 2. Cyclical Peak Earnings Valuations were not excessive. The problem was that earnings themselves were at a cyclical peak. A low P/E ratio did not provide protection. Exxon Mobil (2007, 2011): Traded at roughly 10–13x earnings when it became the world's largest company. It looked cheap, but profits were being boosted by peak oil prices. 3. Paradigm Shift A technological or structural change created a new long-term winner. Apple surpassing Exxon (2011–2012): Apple traded at roughly 13–15x earnings, sometimes even closer to 10x. Valuation was reasonable, while smartphones represented a genuine structural growth story. It was neither a bubble nor a cyclical earnings peak, leading to a decade of outperformance. NVIDIA surpassing Apple (2024): Driven by the AI capex cycle. Initially expensive, but earnings growth rapidly caught up with valuation. So far, it appears to be a structural growth story rather than a speculative bubble. 💡 My View Memory semiconductor companies appear to sit somewhere between Category 2 (Cyclical Peak Earnings) and Category 3 (Paradigm Shift). As a result, the probability of a classic bubble-style collapse of 70–80%—similar to what happened after major valuation bubbles—appears relatively low. If a strong bull market experiences a 20% correction, it is more likely to represent a buying opportunity than the beginning of a permanent decline. The real sell signal is not necessarily the change in market-cap ranking itself. It is when management commentary and analyst expectations begin to subtly deteriorate, and earnings growth starts slowing materially. While year-over-year growth is expected to decelerate from Q3 2026 onward, consensus earnings estimates for 2026–2028 continue to move higher. My conclusion is that it is probably not time to sell everything, but it is also not the ideal moment to aggressively chase with leverage. This is a holder's market, not a buyer's market.

시총 1위가 바뀌면 팔때인가? (역사적 사례 분석) ✍️팩트 및 요약 - SK하이닉스, 삼성전자 제치고 코스피 시총 1위 등극. 낸드 회사 키옥시아도 닛케이 시총 1위 자리매김. - 이게 증시 피크일지, 아니면 패러다임 변화일지 과거 사례를 통해 판단하고자함. - 역사적으로 시총 1위가 교체될 때는 아래 세 가지 카테고리로 분류 가능 . 숫자는 AI 돌린거라 틀릴 수 있지만 맥락을 파악하는데는 충분 1. 밸류에이션 거품형 이익 성장을 능가한 밸류에이션 확장. 피크 이후 대폭락 - NTT (1989): 일본 버블. 일본 시장 평균 PER이 약 60배이던 시절 NTT는 세 자릿수 PER - 한국통신 KT (1999) 닷컴버블 - 시스코 (2000): 닷컴 버블. 정점 PER 약 150~200배. FY2000 매출 189억 달러, 실제 순이익 26.7억 달러인데 시총은 5,500억 달러였다. - 페트로차이나 (2007): 상하이 A주 PER 약 50~60배(홍콩 H주는 ~20배) 2. 사이클 피크 이익형 주가는 거품이 아니었다. 멀티플은 멀쩡한데 이익이 사이클 꼭대기였던 케이스. "PER" 가 낮다는 것이 안전을 보장하지 않았다는 것이 핵심 - 엑슨모빌 (2007·2011): 1위 등극 당시 PER 약 10~13배. 싸 보였지만 고유가 피크 이익이었다. 3. 패러다임 변화 혁신 기술에 따른 패러다임 변화로 주도주 교체 - 애플, 엑슨 추월 (2011~12): 등극 당시 PER 약 13~15배(한때 10배). 부담되지 않는 밸류에이션 + 스마트폰이라는 구조적 성장. 거품도, 사이클 피크도 아니었기에 이후 10년 강세. - 엔비디아, 애플 추월 (2024): AI CAPEX 사이클. 높은 멀티플을 실적이 따라잡은 케이스. 현재까진 구조적 성장으로 판명. 💡의견 - 메모리 반도체 기업들의 경우 1보다는 2,3 중간에 가까워 보임. - 따라서 밸류에이션 거품형 버블이 터진 이후에 발생하는 70-80% 수준의 폭락 가능성은 제한적. 만약 강세장 도중 20%대 조정이 온다면 매수 기회 - 경영진 & 애널리스트 톤이 미묘하게 변하고, 이익 성장률이 획기적으로 줄어들때가 매도 시점. 26년 3분기부터 y-y 성장률이 줄어들기는 하지만 26-28 이익 추정치는 계속 상향되고 있음 - 아직 전부 팔 때가 아니지만 그렇다고 공격적으로 레버리지써서 추격 매수할 때도 아니라고 생각. 보유자의 영역

TOSS X SOLANA Toss is South Korea's #1 financial platform and "super-app". It was launched in 2015 by the fintech unicorn startup Viva Republica to solve the clunky, complicated nature of traditional Korean banking. Today, it is used by over 30 million people—nearly 60% of South Korea's population https://www.yna.co.kr/view/AKR20260622039800002

community membering of the day https://x.com/shu_bit_/status/2068570206499488064?s=46

I realized I am not retarded. Changing this gc name to Korean GCR No bs from now on Good time has ended

$based

Down only since this muah hah hah!!!!!!

Please go down you stupid Salyor ponzi coin

https://x.com/trader_xo/status/2067191854890643631?s=46 62k baby

Shut the fuck up trump

TRUMP: IF I DON'T LIKE WHAT I SEE, WE'LL STRIKE AGAIN (@WalterBloomberg)

pre mkt thoughts 17 Jun 26 Yields eased up a little more before FOMC. Asian markets were roughly up 1% - with SK Hynix at ATHs. $285A also sits at the top of the range at 96k. On monday, i called it as a good area to trim some profits before the inevitable hedging that would take place pre FOMC. That has happened yesterday - that weakness is what i term as the "last opportunity to deploy before we scale the FOMC wall of worry". The market IMO is slanted bearish. Given the easing in oil prices, i would say that the risk reward is tilted towards a dovish outcome. If you dont understand nuance - what i mean is. Monday take some profits into strength good. Tuesday, buy this weakness. Now - SIT TIGHT AND WAIT. Yesterday's weakness also offers up clues to what might perform - everything such as Memory, Photonics etc was hit....except Neoclouds. IMO - the neocloud sector is the most BULLISH sector to come - this is off the back of a market that is structurall short compute. Frontier models not available? good for compute. Sovereign AI buildout? Good for compute. Chinese models better? GOOD for compute. In short, the thesis for compute hinges on - IS AI MAKING MY LIFE BETTER? The answer to that is much simpler to answer than - "Is memory near a top" or whichever. There is not enough compute being built. Given that rentals command roughly a 20%+ IRR AND the fact that the depreciation schedule for GPUs is being stretched out because of inference and agentic demand .... this is the direct bull case for neoclouds. More and more people are starting to talk about it - if i had to put a finger on this - it would be roughly Nov 2025 for memory. We had early buyers continuing to bid memory as it pushed against historical valuation range highs. Within neoclouds, there are many players. Im picking $NBIS because of Leopold's motion and their ability to monetise on spot compute prices increasing. $CRWV $CIFR $WULF are other names in the basket. $GLXY is also gaining attention. Good luck!

$UNI chart is straight ho lee sheet

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all i want for today is Hype $75 XPL $0.1

i mean this is insane