Every gold rush needs a supplier of shovels, and in the artificial intelligence (AI) era, that role belongs to whoever controls high-bandwidth memory (HBM). South Korea's SK hynix (SKHY) has held that crown for a while now, yet American investors wanting a piece of the action had to settle for Micron Technology (MU) as a workaround, since the real deal wasn't listed on United States shores.
That workaround stopped being necessary on Friday, July 10, when SK Hynix finally opened its doors to Wall Street directly.