DRAM / HBM Memory

Stocks

• MUMicron Technology, Inc.

  Only US-listed pure-play DRAM/NAND/HBM producer.

  $517.16

  $341fib+52%
• HXSCLSK Hynix Inc. (ADR)

  SK Hynix ADR — #2 DRAM producer globally, currently leading HBM3E supply for NVDA.

  $650.00
• RMBSRambus Inc.

  Memory IP licensing — DDR, HBM, GDDR royalties. Pure-play exposure to memory volume.

  $115.11
• Adjacent (secondary)
• AMKRAmkor Technology, Inc.

  HBM advanced packaging (CoWoS / 2.5D stacking) — bottleneck of memory-on-package supply.

  $69.75

  $55fib+27%
• LRCXLam Research Corporation

  Etch + HBM tooling — also primary in Semi Equipment but heavy memory-fab exposure.

  $257.86
• WDCWestern Digital Corporation

  NAND / storage — adjacent to DRAM cycle but distinct dynamics.

  $434.52
• STXSeagate Technology Holdings plc

  HDD / storage — datacenter capacity adjunct to memory.

  $673.64
• SIMOSilicon Motion Technology Corp.

  SSD controllers — exposure to NAND volume cycle.

  $218.78

Correlation matrix (252d)

Ticker order reflects hierarchical clustering assignment. Tighter green blocks on the diagonal = stronger sub-clusters within the bubble.

ETFs carrying the thesis

• SMHPrimary

  VanEck Semiconductor ETF

  VanEck
  —
• SOXX

  iShares Semiconductor ETF

  BlackRock
  —

Sub-clusters

• HXSCL
• MU
• RMBS