Artificial intelligence has transformed the semiconductor industry into a game of bottlenecks. First it was GPUs. Then networking. Today, memory has become one of the industry’s biggest choke points, with high-bandwidth memory (HBM) in particularly short supply. Just months ago, investors couldn’t buy memory stocks fast enough, pushing companies like SK Hynix (NASDAQ:SKHY), Micron Technology ... The AI Memory Boom Isn’t Over. Investors Are Just Pricing It Like It Is