One big question remains: Can the company break free from the memory sector’s historically cyclical nature?
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Wealth managers are keeping an optimistic, but realistic, outlook for the second half of the year.
Skeptics who point to the memory industry’s boom-and-bust history see bulls as being a little too high on their own chip supply.
High-bandwidth memory now accounts for roughly two-thirds of the total AI chip component cost, up from about 50% in early 2024.