him
@gajria
Following the crowd, from the front.
Joined October 2018
2.5K Following 137.2K Followers
For reference, this is what a chip/semi/memory cycle looks like:
1. Demand explodes.
2. Customers panic-order.
3. Chip companies raise prices.
4. Margins explode.
5. Everyone expands capacity.
6. New capacity arrives 12–36 months later.
7. Demand growth slows or customers digest inventory.
8. Prices fall.
9. Margins collapse.
10. Capex is cut.
Happened with computers, then gaming, then the internet (data centers), now AI.
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