A top-performing technology fund is positioning to buy shares of SK Hynix Inc., wagering that supply constraints will continue driving gains for the South Korean memory chip specialist. The move comes after the company's shares have already surged roughly 1,000% over the past year, making it one of the standout performers in the global semiconductor sector.

The fund's interest reflects growing investor confidence in memory chip demand amid the AI boom. Tight supply conditions have created a sellers' market for DRAM and NAND flash products, allowing manufacturers to command higher prices and margins. SK Hynix, as a leading producer of these components, stands to benefit from this favorable pricing environment.

This represents a significant vote of confidence from institutional investors who see the supply-demand imbalance persisting. The fund joins other major shareholders betting on continued strength in the memory market, driven by data center expansion and AI infrastructure buildouts worldwide.

The positioning signals that smart money believes the memory chip shortage story still has legs, despite the massive run-up already seen in SK Hynix shares.