SK Hynix heads to Nasdaq: Should Indian investors choose it over Micron? Which is the better long-term bet?

The AI boom has created huge demand for memory chips, turning three memory makers – Micron Technology, SK Hynix and Samsung Electronic — into market’s biggest winner.. In the last one year, Micron’s stock climbed over 850%, while SK Hynix and Samsung have surged 900% and 500%, respectively.

But, now a different story unfolds. SK Hynix will list American depositary receipts on the Nasdaq stock exchange next month in a deal that could raise more than $29 billion.