AI infrastructure isn't just about GPUs—the growing demand for memory is an equally important driver. $285A (-0,2 %) benefits from the growing demand for enterprise SSDs and NAND for AI data centers.
My thesis: More AI computing → greater storage demand → rising demand for Kioxia’s products. If storage prices recover at the same time, this could have a disproportionately large impact on revenue and profits. This makes Kioxia an interesting—albeit cyclical—AI infrastructure play in my view.