Janus Henderson Fund Plans SK Hynix Buy After 1,000% Rally on Memory Crunch Bet

10 articles · Updated · Bloomberg · Jun 1

Janus Henderson Investors’ Global Technology Leaders Fund plans to buy SK Hynix shares, adding exposure to the South Korean AI memory-chip maker after its roughly 1,000% surge over the past year.
Richard Clode, a co-manager of the fund, said tighter high-bandwidth memory supply should keep favoring SK Hynix because of its dominant position in that market.
Clode expects the company to post outsized earnings growth next year as multi-year supply contracts are repriced at higher levels, extending gains from the AI-driven memory shortage.

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