SK Hynix's Nasdaq Debut: Shay Boloor Says Memory Cycle Has Become 'Extreme' as US Investors Get New Play Alongside Micron

Nvidia Corp (NASDAQ: NVDA ) SK Hynix’s upcoming Nasdaq debut is set to give U.S. investors easier access to one of the biggest winners of the artificial intelligence boom, as market strategist Shay Boloor points to the chipmaker’s expected 91% DRAM gross margin as evidence of an exceptionally strong memory cycle.

SK Hynix Brings AI Memory Story to Wall Street South Korean memory chip giant SK Hynix is preparing to list American depositary receipts (ADRs) on the Nasdaq, opening the door for U.S. investors to gain direct exposure to the company alongside domestic rival Micron Technology Inc. (NASDAQ: MU ).

The company plans to sell 17.79 million new ADRs, with 10 ADRs representing one common share.

Pricing is expected to be finalized later this week before trading begins on Friday, The listing comes after a remarkable rally in SK Hynix shares, which have surged more than 250% this year as demand for AI-focused memory chips continues to accelerate.

SK Hynix is a leading supplier of high-bandwidth memory (HBM) chips used in AI systems powered by customers including Nvidia and Alphabet Inc.’s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google.

Read Also: Micron Stock Has Surged Over 800% In The Past 12 Months And This Analyst Has A Bullish Prediction: 'Will Likely Exit 2028 At…' Shay Boloor: Memory Cycle Has Become ‘Extreme’ Reacting to the upcoming listing, Futurum Equities Chief Market Strategist Boloor wrote on X, “SK Hynix is expected to hit a 91% DRAM gross margin in Q2 showing how extreme this memory cycle has become.” He added that the company’s Nasdaq listing under the ticker SKHY gives “U.S. investors a second direct way to play the AI memory boom besides $MU.” SK Hynix is expected to hit a 91% DRAM gross margin in Q2 showing how extreme this memory cycle has become.

Now the company is set to list on Nasdaq this Friday under $SKHY giving U.S. investors a second direct way to play the AI memory boom besides $MU. pic.twitter.com/NxJbBqZRLw — Shay Boloor (@StockSavvyShay) July 5, 2026 Micron shares are up 209.29% year-to-date, according to Pro.

Why The Nasdaq Listing Matters Analysts say the U.S. listing removes a key barrier for American investors who previously had limited access to SK Hynix shares.

Dave Mazza, CEO of Roundhill Investments, told the publication that the move is “more than a liquidity event,” adding that it removes “an accessibility discount, not a quality discount.” Some market watchers remain cautious, however, warning that memory chips are a cyclical business and that the current AI-driven boom may eventually moderate.

Micron ranks in the 99th percentile for Momentum in Edge Rankings, with the stock posting positive returns over the short, medium and long term.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

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