Baird strategist warns that memory chip boom fueled by AI capex may not last, predicting margin compression as hyperscalers pursue alternative architectures.

Baird strategist warns that memory chip boom fueled by AI capex may not last, predicting margin compression as hyperscalers pursue alternative architectures.

Market analyst flagging cycle risk in HBM suppliers, suggesting that custom silicon development by hyperscalers threatens traditional memory vendor pricing power.