03/24/2026
The first question of the AI boom was simple: Can we build the models fast enough? The next one may be harder: Can we store and move the explosion of data they produce?
The AI trade is shifting from compute to memory. Read our blog to understand why the next phase of AI could be driven by the companies behind HBM, DRAM, and data storage:
For most of the last two years, the AI investment story revolved around a single question: can we build the models fast enough? That was the compute phase of the trade. GPUs, accelerators, and raw processing power were the constraint, and the market priced that reality aggressively.