BlockBeats News, June 26th. Stéphane Houri, Equity Research Director at the European financial services group ODDO BHF, stated that the current situation is in a "race" for chips and memory. The AI-driven strong demand will likely keep memory prices high in the next 2 to 3 years. The core driving force comes from the continuous capital expenditure of hyperscale cloud providers and their AI-related needs. Despite uncertainties such as geopolitical issues in the chip industry, AI hardware demand remains robust. The entire semiconductor supply chain is benefiting from this trend, not just a single link.

Stéphane Houri believes that NVIDIA's stock price has remained relatively flat since the beginning of the year, but the AI investment frenzy is accelerating its expansion into broader areas— sectors such as power, connectivity, and CPUs are starting to attract attention and funds overflowing from GPUs. AI is no longer the story of a single company but a long-term structural opportunity covering the entire ecosystem.