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, whi...