We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn't A Bottom & Discussed These 17 Stocks. SK Hynix Inc. American Depositary Shares (OTC:SKHY) is one of the stocks discussed by Jim Cramer.

Memory giant SK Hynix Inc. American Depositary Shares (OTC:SKHY) is a regular feature of financial markets news these days. Courtesy of the AI boom, the firm has become one of the most important companies in the world. SK Hynix Inc. American Depositary Shares (OTC:SKHY) is preparing for a blockbuster listing on the US stock market to generate a whopping $29 billion in capital. The funds will be raised through an American Depository Receipt (ADR) listing on the NASDAQ exchange. Cramer first commented on SK Hynix Inc. American Depositary Shares (OTC:SKHY) in his morning appearance and discussed the firm in relation to the US memory giant Micron:

"Look, people don't realize these are company, SK and Samsung are the main ones. We're very proud here of Micron, but SK hynix is really the big one."

Jim Cramer Explains SK Hynix's (SKHY) Role In Global Memory Industry

Pixabay/Public Domain

He then discussed the firm in multiple tweets:

"The Samsung poor reaction to a great q is a little separate from everything happening here including the $28b that might be headed to the better company, SK Hynix. "Does this market have enough money to do an SK Hynix deal at reasonable prices? We couldn't even do Rivian with a couple of points of where it was… We have to be careful "The bankers are letting everyone know how oversubscribed the SK Hynix deal is. That's a dangerous game.. i hope they still price it at a little bit of discount.. Not too much to scare people but enough to keep the deal tight"

While we acknowledge the potential of SKHY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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