SK Hynix‘s planned U.S. American Depositary Receipt (ADR) listing could reshape how American investors gain exposure to one of artificial intelligence’s hottest investment themes: memory. For years, Micron Technology Inc.

As the global race for AI moves forward, a shortage of memory chips has begun to drive up prices of consumer electronics and may lead to product shortages.

Memory for AI servers is the most profitable use of scarce chip making supply. That means Apple will pay more and so will consumers of Macs, iPhones and more.

After a brutal sell-off earlier in the week, AI investors are breathing easy after Micron crushed Wall Street earnings estimates and gave solid guidance.

Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are down 7% to $1,130 in early Friday trading. SanDisk (NASDAQ:SNDK) is slipping 7% to $2,176, while Western Digital (NASDAQ:WDC) is declining 6% to $626.

The AI boom has turned memory chip manufacturers like Micron and SK Hynix from cyclical businesses into a sizzling hot growth sector.

Apple appears poised to take the rare step of increasing prices to deal with what CEO Tim Cook called an "unsustainable" memory shortage.

If you're experiencing memory issues, might your mental health be to blame? We spoke with an expert to learn more.