Cramer flags SK Hynix Nasdaq debut as a cheap AI memory play with volatility risk
TL;DR Summary
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.
- Where Jim Cramer stands on SK Hynix's massive offering CNBC
- SK Hynix IPO to give US investors bigger bite of the memory pie as shortages persist Yahoo Finance
- SK Hynix (SKHY) US Listing: What to Know About the Largest-Ever ADR Offering Barron's
- SK Hynix raises $26.5 billion in US offering after pricing ADRs at $149 Reuters
- Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets CNBC
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