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Micron's Biggest Rival Just Got a Lot Easier for US Investors to Own

The Motley Fool·
Micron's Biggest Rival Just Got a Lot Easier for US Investors to Own

SK Hynix, a major South Korean memory chip manufacturer, has listed on the Nasdaq via ADRs, making it easier for US investors to access this competitor to Micron. The company is well-positioned to capitalize on the AI-driven memory boom, with strong market share in DRAM (29%), HBM (58%), and NAND flash (18%). Analysts project SK Hynix stock could double from current levels based on expected 429% EPS growth in 2026 and attractive valuation multiples.

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