New Delhi, July 1 -- The AI boom has created huge demand for memory chips, turning three memory makers - Micron Technology, SK Hynix and Samsung Electronic - into market's biggest winner.. In the last one year, Micron's stock climbed over 850%, while SK Hynix and Samsung have surged 900% and 500%, respectively.

But, now a different story unfolds. SK Hynix will list American depositary receipts on the Nasdaq stock exchange next month in a deal that could raise more than $29 billion. And, as per the SEC filing, the company would be using the money to construct new production facilities in Korea and to purchase new fabrication equipment.

Now, more production means more memory chips in the market and since memory chips are largely interchan...