Pranav Kanade 4.1 1 idea

"The winners in the equity markets right now have been concentrated in... memory stocks... areas of scarcity where there's a supply demand imbalance." While the rate of change for general Hyperscaler Capex may slow, specific components like High Bandwidth Memory (HBM) remain the bottleneck for AI compute. These companies hold pricing power regardless of the broader tech cycle. LONG Memory manufacturers. Cyclical nature of the memory market; oversupply if Capex slows significantly.