AI’s Shift From Thinking to Taking Action

Shawn Kim explains the shift from generative AI to agentic AI, where AI moves from passive responses to active, multi-step workflows. This shift changes computing bottlenecks, making CPUs and memory more critical, and creates investment opportunities in the AI supply chain. He estimates $60B of incremental CPU TAM by 2030 and 70% of DRAM bit shipments tied to this theme, favoring memory, foundry, and related components. - Agentic AI moves from passive chatbots to active, multi-step workflows. - Computing bottlenecks shift from GPUs to CPUs and memory. - CPUs are identified as a new bottleneck with significant TAM growth. - Memory is seen as the highest content increase area, especially DRAM. - The supply chain including memory, foundry, substrate, and interfaces benefits. - Incremental CPU TAM estimated at $60B by 2030. - Up to 70% of DRAM bit shipments linked to agentic AI. - Supply chain areas have pricing power and capacity constraints into 2027.