Elon Musk Wants to Bring on 20 Gigawatts of Compute Capacity. Here's What That Could Mean For Memory Chip Stocks.
The sector is seeing a huge boost in demand that may not slow anytime soon.
Overview
The artificial intelligence (AI) world revolves around bottleknecks. Racing ahead are the world's largest companies getting infrastructure up and running, with the goal of staying ahead in the latest AI technologies. This will require hundreds of billions in capital expenditures.
Elon Musk and Space Exploration Technologies (NASDAQ: SPCX) are going all in AI, with plans to get 15 to 20 gigawatts of capacity up and running for its data centers by the end of next year. However, according to Musk on the SpaceX conference call, there is one bottleneck above all others preventing this growth: memory computer chips.
Details
Here's what Musk said about memory chips and what it could mean for the sector as it looks to capitalize on the AI spending boom.
Source
Originally published at www.fool.com.