Memory-themed ETF returns to the spotlight after 190% year-to-date gain as Micron earnings and a potential SK Hynix IPO loom

A memory-themed ETF has risen 190% year to date, fueled by a surge in AI server demand for high-bandwidth memory (HBM). A potential Nasdaq IPO for SK Hynix and Micron’s fiscal-quarter results due Wednesday are shaping up as twin catalysts. Micron, one of the ETF’s largest holdings, is expected to shed light on HBM demand and pricing, which could bolster the case for memory ETFs as a core way to access AI infrastructure exposure.