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Perspective: AI is a long-term structural opportunity in the ecosystem chain, and the investment boom is spreading to broader fields.

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ME AI News, June 26 – Stéphane Houri, Head of Equity Research at European financial services group ODDO BHF, stated that the industry is currently in a "race" between chips and memory, and the strong AI-driven demand will likely keep memory prices at high levels for the next two to three years. The core driver comes from the continuously rising capital expenditures of hyperscale cloud providers and their AI-related demand. Although the chip industry faces uncertainties such as geopolitics, AI hardware demand remains robust, benefiting the entire semiconductor supply chain, not just a single segment. Stéphane Houri believes that Nvidia’s stock price has remained almost flat since the beginning of the year, but the AI investment boom is accelerating its spread to broader areas—sectors such as power, connectivity, and CPUs are beginning to receive capital inflows diverted from GPUs. AI is no longer a story about one company, but a long-term structural opportunity covering the entire ecosystem. (Source: MLion)
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