Quick Read – ACMR’s equipment gap versus memory makers like Micron (MU) could close if the memory supercycle stretches into 2027, but tariff escalation or a memory glut could derail the thesis. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.
Everyone’s chasing obvious AI semiconductor names. NVIDIA (NASDAQ:NVDA) sits at a $5.15 trillion market cap. Taiwan Semiconductor Manufacturing (NYSE:TSM) is up 39% year to date.
And Micron Technology (NASDAQ:MU) just crossed $1 trillion in market cap, joining SK Hynix and Samsung in a memory club that suddenly looks unkillable. On a recent episode of The AI Investor Podcast, Eric Bleeker and Austin Smith argued the better trade is the company selling picks and shovels to every memory fab on the planet, up 91% in just 2.5 months. Here is the case.