Author is long Corsair (CRSR) as a hedge against an AI bubble, betting that once data-center-driven memory/wafer supply constraints ease, its COGS will drop and the stock will rebound.
CRSR — LONG The author bought CRSR as a hedge against an AI bubble, noting Corsair does not make its own memory modules and is currently squeezed by data centers buying up wafers and memory modules. The claim is that once this supply constraint unblocks, Corsair's COGS will drop dramatically, driving a considerable stock rebound. The catalyst is the unblocking of memory/wafer supply; the stated risk is dependence on that supply chain easing.
I recently bought some CRSR. They don't make their own memory modules, so they are very much under the boot of big data centers buying up all the wafers and memory modules at the moment. But once that supply unblocks their COGS will drop dramatically, at which point I'm betting on a considerable stock rebound.