NEW YORK, 17 May 2026 – The artificial intelligence chip boom is delivering extraordinary gains for semiconductor companies, but the same forces driving today’s profits may also be planting the seeds of the industry’s next downturn.
The latest concern centres on memory chipmakers, which have become major beneficiaries of the AI infrastructure buildout. Demand for high-bandwidth memory, or HBM, has surged as cloud providers, model developers and data-centre operators race to support increasingly powerful AI systems. This has lifted profitability across key memory suppliers, including Micron Technology, Samsung Electronics and SK Hynix.
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