Posted 2/16/2024, 6:40:00 AM
SK Hynix Stock Surges on AI Memory Leadership, Trades at Discount Despite 96% Rally
- SK Hynix stock has surged 96% since 2021, outpacing rivals Samsung and Micron, yet still trades cheaply
- SK Hynix got a head start in high-bandwidth memory (HBM) for AI, helping drive investor interest
- HBM features stacked DRAM optimized for AI accelerators, more lucrative than commoditized memory
- SK Hynix aims to maintain lead in AI memory through partnerships like TSMC to develop next-gen HBM
- Bullish indicators analysts overwhelmingly rate SK Hynix a buy; options traders making bullish bets