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SK Hynix has finally started buybacks, but the market might still be unsatisfied. One of the biggest winners in AI storage, SK Hynix is ready to spend: 💰 100 trillion KRW (about $71 billion) in shareholder returns Among which: 🔥 40 trillion KRW (about $28.4 billion) in stock buybacks This is roughly equivalent to repurchasing 2% of shares, just enough to offset dilution caused by ADR listing. Sounds impressive. But looking at the global storage war, the problem arises: $MU Micron: Directly promises to use 100% of free cash flow for buybacks, with market expectations that by 2028 it may repurchase over 40% of shares. $SNDK SanDisk: $15.5 billion buyback, about 8.7% of market cap. Kioxia: $5.5 billion buyback, about 3.4% of market cap. And Hynix? More like saying: "I will take care of shareholders." But not yet: "I will wildly return AI dividends to shareholders." In the AI era, HBM is the moat. Cash flow buybacks are the answer to investors. The ultimate competition among the future storage big three: Is not just about who sells more chips, But who better converts profits into shareholder returns. The storage war has just entered a more exciting phase. 🚀#存储股财报后续跌，AI内存牛市还稳吗？