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With computer flash-memory maker SK Hynix (SKHY) benefiting tremendously from the AI revolution, poised to buy back a huge number of its shares, and trading at an extremely attractive valuation, the name looks like an excellent investment in the medium term.
In the near future, however, SKHY stock may not climb much because the Street does not seem very bullish on flash-memory names at this point. And in the long term, South Korea-based SK Hynix could very well be significantly undermined by innovations that will meaningfully reduce the amount of memory needed to perform each AI-powered task. But in the next four months to 12 months, SKHY stock looks well-positioned to produce excellent returns for investors.
