Elon Musk Just Explained Why Memory Could Be the Next AI Winner.
Motley Fool·- Elon Musk stated that the artificial intelligence build-out faces a severe memory shortage because demand is growing by over 200% annually while supply increases by only 20%. - Major tech companies are increasing capital expenditures as memory prices rise, benefiting key industry players like Micron Technology and SK Hynix. - Micron reported surging revenue and operating margins in the fiscal third quarter, while SK Hynix achieved strong second-quarter financial results driven by high-demand AI memory products and a major Nvidia partnership.