stock market crashing on some dumb news a chinese company has created a prototype of a $300M ASML machine is so stupid.

the world is going to need infinite amounts of memory, lithography, chips and energy. 13 customers (thirteen) make up 40% of sk hynix’s revenue next year (and they’re already paying upfront!)
every agent opus, fable and codex spins up requires a f*ckton more kv cache memory, dram in your gpus, power from the grid and data centers to serve inference.
less than 5% of people in the world are truly using AI’s capabilities.
any way you project the future, it’s going to need so much more of everything
the only reason markets are volatile is because the potential isn’t clear to everyone.
but it will be.