A new report from Mirae Asset Securities has raised its target price for SK Hynix Inc. by 10.7% to 3.1 million won. The brokerage attributes this adjustment to expectations that high-bandwidth memory (HBM) demand will broaden as major technology companies increasingly deploy their own AI accelerators.

The report highlights that GPU makers are moving toward HBM4 and increasing memory capacity per accelerator. Specific examples cited include AMD’s MI455X, which is expected to feature 12 HBM4 stacks with 432GB of memory, and Nvidia’s Rubin platform, which features 288GB of HBM4. Additionally, the report notes that Meta Platforms and Microsoft are increasing HBM capacity in their custom AI accelerators.

Mirae Asset also points to a diversification of HBM customers. The brokerage expects the use of proprietary AI accelerators to expand, which could broaden the investment opportunity for memory-chip ETFs. The firm forecasts SK Hynix’s DRAM average selling prices to rise 15.8% sequentially in the third quarter, 7.2% in the fourth quarter, and 23.9% in 2027. It also expects operating profit to reach 386 trillion won in 2027.

For investors seeking exposure to this trend, the Roundhill Memory ETF (DRAM) is highlighted as the most direct expression of the theme. The fund provides targeted exposure to global memory-chip companies, with Samsung Electronics accounting for approximately 25.14% of the portfolio, SK Hynix for about 23%, and Micron Technology for about 25%.

Broader semiconductor exposure can be found in the VanEck Semiconductor ETF (SMH) and the iShares Semiconductor ETF (SOXX). SMH holds companies across the semiconductor ecosystem, including Nvidia, Taiwan Semiconductor Manufacturing Co., Micron, Broadcom, and AMD. SOXX’s largest holdings include Nvidia, Micron, AMD, and Broadcom. The iShares MSCI South Korea ETF (EWY) offers geographic exposure, with SK Hynix representing 25% of the fund and Samsung Electronics accounting for another 23%.

For more aggressive investors, leveraged ETFs such as the Direxion Daily SK Hynix Bull 2X ETF (SKHL) and the ProShares Ultra SK Hynix ETF (SKHU) provide exposure to 200% of the daily performance of SK Hynix. These funds were launched soon after the company’s ADR began trading.