BAMCO, Inc. - Baron Emerging Markets Fund on SK hynix Inc.
Thesis
SK hynix is the current leader in high-bandwidth memory used alongside AI processors. Customers have pre-booked more than three years of HBM supply, exceeding current production capacity and strengthening pricing power. Baron believes its HBM leadership, position as a key AI supplier and favorable supply-demand dynamics support multi-year earnings power.
“We retain conviction in SK hynix as a core long-term holding”