00:00I have some confidence that the demand will grow, and our supply capacity is never going to catch up.
00:06It's going to be until our society, human society, has set up some settlement with AGI.
00:14Then, well, I guess that the world does kind of normalize all the cycles.
00:21But anyhow, until then, well, we need a lot of memories.
00:28So to take us through a little bit more deeply what we're seeing in the tech sector this morning,
00:32we're joined now by Bloomberg senior strategist Neil Campling.
00:36So a good day for SK Hynix on Friday, Neil.
00:38Not such a good day this morning, down about 14 percent.
00:42To what do we account this weakness?
00:46I think, Ollie, there's a couple of factors at play here.
00:49I mean, for one thing, we had a massive 100 percent increase in the stock in the last three months
00:56in anticipation of this event.
00:59And so there is that element to bear in mind.
01:03Now, in addition to which, you've got a situation where there are funds which are being adjusted for.
01:10There are ETS being launched around this offering.
01:13And there was even a local broker out this morning saying that Hynix's earnings that are coming could actually be
01:19slightly below where expectations are.
01:21And that's partly reflective of consensus numbers having moved so high in recent weeks.
01:28So there is a certain sense of travel than arrive, if you like, to the stock price reaction.
01:33One thing that is for sure is the volatility around this stock, which has been very high and twice that
01:40of the market volatility, is likely to continue for some time based on all of those different factors.
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