Micron Aims to Overtake SK Hynix in the AI Memory Race

AI-driven demand for high-bandwidth memory has turned Micron and SK Hynix into high-growth memory stocks, with SK Hynix currently holding a stronger HBM position and Nvidia ties, while Micron is closing the gap after securing 2026 HBM supply and announcing a $2 billion Virginia factory expansion. Both stocks remain reasonably priced (Micron ~9.6x forward earnings; SK Hynix ~6.1x), and Wall Street expects Micron’s next-quarter EPS growth to outrun SK Hynix, signaling a tight AI-memory race as HBM4 and beyond ramp.