As one of the leading producers of high-bandwidth memory (HBM), SK Hynix recently announced plans to list American depositary receipts (ADRs) on the Nasdaq exchange with a target date of July 10.
What most investors may not realize is that you can already indirectly buy stock in SK Hynix through the Roundhill Memory ETF (NYSEMKT: DRAM)
This fund provides exposure to the booming artificial intelligence (AI) memory and storage supercycle through a concentrated portfolio that holds shares in Micron Technology, Sandisk, Western Digital, Samsung, and SK Hynix, among other names. While SK Hynix’s ADR listing offers a near-term visible catalyst, a balanced view of the company and its investment prospects highlights both its strategic importance in the AI chip value chain and the challenges of trying to time an entry around a single date. SK Hynix is a leader in the HBM surge With a market capitalization of $1.2 trillion, SK Hynix ranks among the world’s largest semiconductor stocks.
The company has particular strength in DRAM and HBM production. Its recent multiyear technology partnership with Nvidia further cements the company’s leading role as AI infrastructure build-outs accelerate. Breaking down SK Hynix’s ADR listing According to reports, SK Hynix plans to issue 17.8 million new shares through ADRs on the Nasdaq next month — targeting proceeds of $29.4 billion.