Phone Addiction In Youth

Yeah, that stat is quite a shock. So one stock alone, Micron, which is the US memory champion, SK Hynix is the Korean memory champion, Micron accounts for over 50%. This is one stock of all profit upgrades for the entire American share market this year. And here's the thing, when prices spike like this for a commodity, any commodity, and memory has historically absolutely been a very volatile commodity. People normally start buying less and we're seeing that now. So worldwide smartphone sales, for example, which use this memory as well, are expected to fall sharply this year, the biggest drop in over a decade. PC sales also. People are putting off buying that new phone because the cost of memory is driving up the price of the phone too much. But here's the twist. So Microsoft metering Google. In the inside of centers that were prepared to pay those really high prices for memory without blinking, for them, memory is only about a tenth of the cost of an AI computer, which is where NVIDIA's chip is the bulk. So the thing that could really end the supercycle isn't you or me skipping a phone upgrade. It's really one of those big tech companies deciding they're not prepared to pay that much for memory.