The AI infrastructure boom has created enormous demand for high-bandwidth memory (HBM), making South Korean chipmaker SK Hynix (SKHY) one of the biggest beneficiaries of the artificial intelligence revolution. Until now, however, U.S. investors largely had to gain exposure through companies like Micron Technology (MU) rather than buying the world's HBM leader directly.
That changes today. SK Hynix's American depositary receipts (ADRs) begin trading on the Nasdaq ($NASX) after being priced at $149 per share. The debut gives investors a new way to participate in one of AI's most important hardware trends, but it also raises an important question: should investors rush in on day one or wait for a better opportunity?
