Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/a> <\/p>\n The Trump Administration<\/a> doesn’t necessarily favor Apple buying memory chips from Korea. White House spokesman Kush Desai is quoted as assuring investors that “reshoring semiconductor manufacturing [to America] is a top priority” — which sounds like good news for DRAM specialist Micron (NASDAQ: MU) and flash memory expert Sandisk (NASDAQ: SNDK). <\/p>\n Still, given his druthers, I suspect the President would prefer Apple (and others) buy their memory chips from a friendly country such as South Korea rather than from China, which has a habit of underpricing rivals to drive them out of business — then turning around and cutting off supply for geopolitical purposes. <\/p>\n Long story short, the President’s policy could well benefit not just Micron and Sandisk, but their rival SK Hynix as well. <\/p>\n What’s next for SK Hynix stock <\/p>\n So does this mean it’s time for you to buy SK Hynix stock? Perhaps. <\/p>\n Priced today at 8.1 times trailing earnings, SK Hynix costs less than either Sandisk (at 21.4x) or Micron (at 21.7x earnings). Analysts polled by S&P Global Market Intelligence<\/a> will tell you all three stocks are “buys,” given Sandisk is expected to grow its earnings at nearly 40% annually over the next five years, and Micron might average closer to 173% per year. SK’s right in the middle at a projected 86% growth rate. <\/p>\n That’s good enough for me. <\/p>\n Should you buy stock in SK Hynix right now? <\/p>\n Before you buy stock in\u00a0SK Hynix, consider this: <\/p>\n<\/a> Image source: Getty Images. What this means for SK Hynix <\/p>\n