SK hynix and Micron in undervalued zone amid expanding AI memory demand
SKHY SK Hynix Inc ADR
$127.34 +2.78%
View chart & analysis → - 1The combined market share of SK hynix and Micron in the global DRAM memory market is 49%.
- 2The stock prices of SK hynix and Micron have fallen approximately 20% over the past month.
- 3Bank of America predicted that data center spending will more than double to reach $2.1 trillion by 2028.
So what's the key point?
The stock prices of SK hynix and Micron have dropped about 20 percent over the last month. Demand for AI memory is expected to increase, which could provide an opportunity for these companies.
Source The Motley Fool +1 · View original ↗
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