Tim Cook, Elon Musk, Andy Jassy, and Jensen Huang All Just Warned Investors About the Same Thing. Spoiler Alert: It's Fantastic News for Micron and Sandisk.
During their recent earnings calls, big tech CEOs spoke extensively about the rising cost of memory.
Earnings season concluded with a remarkable uniformity among the top AI technology companies, according to wire material. Four industry giants, Tim Cook of Apple, Elon Musk of Tesla, Andy Jassy of Amazon, and Jensen Huang of Nvidia, all emphasized one critical factor during their financial calls - memory. Their focus was not on models, load power, or graphic processing units (GPUs), but on high-bandwidth memory (HBM), DRAM, and NAND flash storage.
This shift is somewhat surprising given that these components were once considered commonplace commodities. However, the CEOs now treat memory and storage as rare precious metals, despite supply still being tight and prices continuing to rise. Despite this, these industry leaders are still planning substantial investments. For shareholders of Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK), this news is positively uplifting.
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