The Fickle Allure of Memory Stocks: Why Investors Shouldn't Get Too Caught Up in AI Hype The memory industry has been on a wild ride, thanks largely to the launch of ChatGPT and the subsequent surge in demand for high bandwidth memory (HBM) chips.
This boom and bust cycle is nothing new, but investors are getting swept up in the excitement, ignoring the lessons of history.
Executives at major players like Samsung and SK Hynix have touted the industry's newfound stability, arguing that AI has disrupted traditional cyclicality of memory demand.