In the first half of the year, memory was the hottest AI trade. Hyperscalers poured billions of dollars into data centers where high-bandwidth memory was one of the tightest bottlenecks in the supply chain. Most of the memory stocks rallied as a result, though the returns have been muted in the second half of the year so far, accompanied by high volatility.
Some on Wall Street say memory makers are sold out till 2030. Others say only till 2028. While the exact status of the industry can be...
