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Cramer flags SK Hynix Nasdaq debut as a cheap AI memory play with volatility risk

1 min read
Source: CNBC
Cramer flags SK Hynix Nasdaq debut as a cheap AI memory play with volatility risk
Photo: CNBC
TL;DR

Jim Cramer says SK Hynix’s Nasdaq ADR listing offers a cheap way to play the AI-driven memory boom, trading a bit over seven times this year’s earnings; however, memory chips have a history of boom-bust cycles, and if supply catches up with demand the rally could reverse, so he suggests a small initial position with room to buy more on dips.

Topics:top-newsbusiness#adr#ai-memory-boom#business#memory-chips#nasdaq#sk-hynix
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  1. Where Jim Cramer stands on SK Hynix's massive offering  CNBC
  2. SK Hynix IPO to give US investors bigger bite of the memory pie as shortages persist  Yahoo Finance
  3. SK Hynix (SKHY) US Listing: What to Know About the Largest-Ever ADR Offering  Barron's
  4. SK Hynix raises $26.5 billion in US offering after pricing ADRs at $149  Reuters
  5. Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets  CNBC

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