A rising tide lifts all ships, which is certainly what has been happening in the memory industry over the past year. Both Micron (NASDAQ:MU) and SK hynix (NASDAQ:SKHY), for example, have been reporting record-breaking revenue and profits as soaring AI demand for high-bandwidth memory (HBM) has tightened memory supply and lifted pricing across the industry.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Up until last week, it was a pretty easy choice for Americans looking to invest in the HBM field. Micron was the only company trading directly on the Nasdaq, while SK hynix was only available through less liquid OTC shares or diversified Korea ETFs. That changed when SKHY started trading on the Nasdaq last Friday, giving investors another way to gain direct exposure to this lucrative market.
And for those deciding between Micron and SK hynix, top investor James Foord thinks SK hynix is the obvious pick.
“You are getting an arguably superior company at a cheaper valuation,” argues the 5-star investor, who is among the top 3% of stock pros covered by TipRanks.
