Technology
SK Hynix ADR Seen Driving 30% Upside as Micron Gap Narrows
Key Points
SK Hynix ADR Seen Driving 30% Upside as Micron Gap Narrows SK Hynix Inc.’s push for a US listing is spurring talk of another prize for shareholders: a potentially higher market value that may narrow its gap with US rival Micron Technology Inc. The discount in the Korean chipmaker’s shares to Micron’s is looking harder to justify as SK Hynix cements its lead in high-bandwidth memory, the chips powering Nvidia Corp.’s AI processors, money managers and analysts say. Plans to issue American...
SK Hynix ADR Seen Driving 30% Upside as Micron Gap Narrows
SK Hynix Inc.’s push for a US listing is spurring talk of another prize for shareholders: a potentially higher market value that may narrow its gap with US rival Micron Technology Inc.
The discount in the Korean chipmaker’s shares to Micron’s is looking harder to justify as SK Hynix cements its lead in high-bandwidth memory, the chips powering Nvidia Corp.’s AI processors, money managers and analysts say. Plans to issue American depositary receipts next month would open the door to a fresh pool of investors and may be the catalyst that finally closes the gap, they say.