SK Hynix will list ADRs on Nasdaq next week, offering U.S. investors direct access to the dominant HBM memory supplier amid persistent AI-driven shortages.
SK Hynix, which controls 57% of the high-bandwidth memory (HBM) market, will begin trading American depositary receipts (ADRs) on the Nasdaq on July 10. The move provides U.S. investors with direct exposure to the South Korean memory giant, previously accessible only through over-the-counter markets or foreign exchanges.
Memory chip demand has surged due to artificial intelligence (AI) applications, with every AI server requiring vast amounts of HBM and DRAM. Micron Technology (NASDAQ:MU), the only major U.S.-based memory producer, has seen its stock rise 270% year-to-date and 726% over the past year, though it pulled back 13% during yesterday’s market selloff.
Analysts suggest the AI memory shortage may persist for years, making both SK Hynix and Micron attractive investments. The Nasdaq listing could shift investor focus as competition intensifies in the high-growth AI memory segment.