$XL2CSOPHYNIX(07709.HK) Looking at the order book for the next few years, and the fact that memory prices will remain high and continue to rise, with capacity expansion taking two to three years, Hynix's P/E ratio this year is only 3 based on the current stock price. This means that at this price, the company's profits will cover its market cap within three years. Some say memory is a cyclical stock, but the current demand is driven by AI, and the supply-demand dynamics are clear. No one can say for sure how long the AI cycle will last, but at least for the next few years, capital expenditure will continue to expand. $NVIDIA(NVDA.US) revenue is projected to reach one trillion dollars, a massive increase from current levels.