SK Hynix Is Surging. Here’s How ETF Traders Are Playing the AI Memory Boom - SK hynix (NASDAQ:SKHY)

SK Hynix Inc’s (NASDAQ:SKHY) latest rally is giving traders a fresh catalyst to revisit the growing lineup of leveraged ETFs tied to the AI-memory giant.

The stock rose Thursday as memory and storage shares extended their weekly gains after Sandisk Corp (NASDAQ:SNDK) unveiled a bullish multiyear financial outlook.

The move adds momentum to a sector already benefiting from strong AI, cloud and server demand — and gives traders a fresh opportunity to use leveraged ETFs to magnify short-term bets on SK Hynix.

There are currently seven U.S.-listed leveraged and inverse ETFs tied directly to the stock, including five funds targeting 2X long exposure and two designed for bearish positions.

Five Ways to Bet 2X on SK Hynix The bullish lineup includes Leverage Shares 2X Long SK Hynix Daily ETF (BATS:SKHX), ProShares Ultra SK Hynix (NYSE:SKHU), Direxion Daily SK Hynix Bull 2X ETF (NYSE:SKHL), GraniteShares 2X Long SK Hynix Daily ETF (NASDAQ:SKUU) and T-REX 2X Long SKHY Daily Target ETF (NYSE:HYNX).