Semiconductors and AI: Structural Growth or Short-Term Euphoria?
Artificial intelligence is fueling unprecedented demand for semiconductors, driving the memory chip industry to new records in growth and profitability. But is this growth sustainable?
Amid shortages of advanced memory chips, record investments by hyperscalers, and increasingly high valuations, the sector presents attractive opportunities, but also risks that should not be underestimated over the long term.
In the latest issue of Ticino Management, our Portfolio Manager Matteo Baiocchi, CFA examines the dynamics reshaping one of the most strategic sectors of the global economy and the potential challenges that could emerge in the years ahead.