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