Is SK Hynix Your Path to $1 Million by 2030?
Memory chips could be in short supply through the end of the decade.
Overview
SK Hynix (NASDAQ: SKHY) CEO Kwak Noh-Jung expects the memory chip shortage that has led his company to produce record profits could continue until at least 2030.
That comment may give investors the confidence to put a lot of money in the chipmaker stock with the hopes of turning it into $1 million. After all, the same trend that's pushed the stock to a nearly $1 trillion valuation over the past year or so is expected to continue for the next four years.
Details
To turn even a sizable investment into $1 million, investors are likely banking on a repeat performance of the stock's 500% return over the past year. Here's why that's unlikely to happen.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.