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NVIDIA CEO Jensen Huang stated in August that his company could sell more chips if it had more compute, a constraint that highlights the tight supply chain for AI infrastructure.
This bottleneck extends to memory and storage components, driving significant year-to-date gains for Micron Technology and SanDisk alongside NVIDIA.
The three companies are trading at elevated levels after substantial increases in earnings estimates. NVIDIA shares have risen 27.67% year-to-date, while Micron is up 255.25% and SanDisk has gained 585.46%.
Huang added that AI is generating profitable tokens, linking the company's performance to the broader expansion of artificial intelligence workloads.
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