The Motley Fool analyst Adam Spatacco argues that SK Hynix, and not Micron or SanDisk, is the memory stock that could become the next Nvidia in the artificial intelligence boom. The South Korean company has remained out of the spotlight for historically trading on South Korean exchanges and only recently listed U.S. depositary receipts (ADRs).
SK Hynix dominates the critical segments of AI memory. According to Counterpoint Research, it controls a clear majority of the HBM (high-bandwidth memory) market, close to 58%, more than double that of Micron and Samsung, which are around a fifth each.
You may also likeDemocrats push to scrutinize Trump's AI policyIn the DRAM segment, the company is in second place with about 29% share, only behind Samsung and ahead of Micron. In NAND flash memory, it maintains 18%, also behind Samsung, but competitively ahead of Micron and SanDisk.
With a future price/earnings multiple much lower than what Nvidia commanded in its most explosive phase, the analyst believes that SK Hynix has not yet experienced a valuation expansion commensurate with its earnings, which makes it an attractive long-term bet within the AI boom.
Source: [The Motley Fool](https://www.fool.com/investing/2026/08/14/not-micron-not-sandisk-this-artificial-intelligenc/). Image: The Motley Fool.
