Could This Listing Close the Valuation Gap With Micron?

SK Hynix's Nasdaq listing could help narrow its long-standing 35% valuation discount to Micron by improving U.S. investor access and liquidity. However, the gap closure depends heavily on sustained AI memory demand, and memory chip cycles historically show signs of peaking, with potential oversupply risks by 2027-2028 that could compress multiples if sentiment cools.