The demand for memory chips has skyrocketed with the rapid growth of AI infrastructure. The shortage poses a major challenge for the consumer electronics industry.
Meta, Google, Microsoft and Amazon report tomorrow. Apple reports on Thursday. These companies are so large that their earning reports can swing the stock market in either direction.
With all the uncertainty around how tech companies will actually make money on AI, investors are turning to companies that make stuff we can't go without.
Big Tech is spending hundreds of billions of dollars to build out the energy-hungry infrastructure of AI, and many are turning to “behind-the-meter” solutions to get things up and running as quickly as possible.