POPA Recon🤔Why Cashwood does not invest in memory stocks source
🤔Why Cashwood does not invest in memory stocks source 1. HBM is the most cyclical semiconductor - Memory is the most commercialized and sensitive to economic cycles in the semiconductor value chain. - The situation where HBM prices soared was judged to be an extreme bottleneck rather than a normal technology cost structure. - It is difficult to view the current high prices and cash flows as long-term structural benefits. 2. Technologies that become more expensive are eventually removed from the design. - Inference architectures such as Cerebras and Groq claim that they can significantly redu…
The excerpt is quoted from a public Telegram channel, which owns its text.