POPA ReconI think the market will ultimately have no choice but to sell memory "in the short term" and go long optics. In fact, it looks like some…
I think the market will ultimately have no choice but to sell memory "in the short term" and go long optics. In fact, it looks like some hedge funds have already taken this position. There are three main reasons: 1. With Korea's leveraged ETFs effectively dead, LPs are in a redemption rush, which could trigger additional selling flows. 2. Nvidia weakens Rubin Ultra's HBM, counters with optics, and connects multiple racks, so even though Rubin Ultra's per-rack performance is not better than Rubin, at the cluster level the optics give Rubin Ultra clusters an edge over Rubin clusters. This hol…
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