AI HAS MADE MEMORY CHIPS ONE OF THE WORLD'S MOST PROFITABLE PRODUCTS

Summary from the TLDR AI newsletter

The AI boom has pushed the memory-chip industry into a super boom cycle with record-smashing profits. Samsung has reported first-quarter net profit equivalent to more than $30 billion, blowing away its prior quarterly record and almost topping the company's high for full-year profit. The historic run doesn't look likely to end soon. The supply crunch is expected to grow worse next year.