Micron's Biggest Rival Just Got a Lot Easier for US Investors to Own
SK Hynix is one of the world's largest memory manufacturers, and buying it is a no-brainer right now.
Overview
Memory has emerged as one of the biggest bottlenecks in artificial intelligence (AI) data centers, which explains why the demand for these chips has simply taken off in recent years.
In fact, memory demand is so strong that the ongoing supply shortage in this industry is anticipated to last beyond 2030. Not surprisingly, investors have been buying memory stocks, such as Micron Technology (NASDAQ: MU) and Sandisk, hand over fist over the past year. However, there is a new addition to this list following the U.S. listing of South Korean memory giant SK Hynix (NASDAQ: SKHY).
Details
This Micron competitor could become one of the biggest winners of the AI-fueled memory boom. Importantly, U.S. investors can now easily invest in this semiconductor stock by buying its Nasdaq-listed American Depository Receipts (ADRs). Let's see why doing so could turn out to be a smart move.
Source
Originally published at www.fool.com.