YTD gains:
* MU +126%
* SK Hynix +146%
* Samsung +121%
Why is it happening:
* 3 companies control 95%+ of the global memory market
* AI servers use 10x more memory than traditional servers
* HBM demand crushing supply — 2026 high-end memory sold out, orders into 2027
Cycle has legs. 2026 sold out, orders into 2027. But valuation is rich — upside needs continued AI capex growth.
DRAM for pure memory bet. EWY for less volatility. KORU for gamblers only. SMH if you want NVIDIA instead.
Position sizing > direction at this point. 🚀