3 Reasons SK Hynix Could Outperform Micron Over the Next Decade

SK Hynix and Micron Technology (MU) are the biggest winners in the artificial intelligence (AI) memory boom. Both have a similar business model of supplying DRAM for working memory, NAND flash for storage, and increasingly high-bandwidth memory (HBM). SK Hynix is a South Korean memory chip company that is not listed on the U.S. market yet. Meanwhile, Micron is a U.S.-based memory company and the easier stock for U.S. investors to buy now.

But is that the only reason to prefer Micron? SK Hynix is reportedly moving closer to a U.S. listing that could arrive as soon as August. SK Hynix stock has climbed 292% year-to-date (YTD), compared to Micron’s 268% gain so far this year.