# The Billion-Dollar AI Bottleneck — Why This Tech Giant Controls the Future of Nvidia

An episode of [Earn Your Leisure](https://invisiblenetwork.ai/podcast/1450211392), 12 Jul 2026, 13 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/8dbc4f54-a337-4481-9ef2-b355012b0a3d/3cd0bf68-5395-4210-89c4-b48500da345e/audio.mp3?utm_source=Podcast&in_playlist=eac4c628-29cb-469a-b5c8-b355012b0a48

Subscribe and watch more videos here: https://www.youtube.com/@EarnYourLeisure Join the EYL community for deeper training and a more detailed approach: https://www.eyluniversity.com Join the number one stock club in the world: https://www.ianinvest.com Invest Fest | August 7-9, 2026 Grab early bird tickets now: https://www.investfest.com See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: So about as Kate heynex I p O this Friday.
[0:04] Speaker 1: I believe big, big, big I PO something that's a
[0:09] Speaker 1: lot of people have different spending, A lot of people
[0:11] Speaker 1: have different theories on this. Some people think it's gonna
[0:14] Speaker 1: really hurt Micron. Some people think that it's the a
[0:18] Speaker 1: sign that this memory sector is coming to a halt,
[0:23] Speaker 1: because it's like when you start to see a lot
[0:26] Speaker 1: of I pos, it's like, let's get in while while
[0:29] Speaker 1: there's still room, like, let's get as much as we
[0:31] Speaker 1: possiblely gain before the before the gig is up. Some
[0:34] Speaker 1: people say that this is just the beginning of the
[0:37] Speaker 1: memory sector, and this is this is something that's you know, encouraging,
[0:43] Speaker 1: I don't know, Korean company. This is probably gonna be
[0:48] Speaker 1: another billion dollar I mean trillion dollars there. It's on
[0:53] Speaker 1: i PO like as soon like first day out. Like
[0:58] Speaker 1: so this is like a space AX situation all over again.
[1:01] Speaker 1: It's not it's not as popular as SpaceX, but this
[1:05] Speaker 1: is going to be like this like a new SpaceX situation.
[1:08] Speaker 2: I want to compare it to SpaceX in terms of well,
[1:11] Speaker 2: space X is a new company that's ipoing and it
[1:14] Speaker 2: had a one point dollars violation. This is already a
[1:17] Speaker 2: one point one dollar company that is ipoing to raise capital.
[1:22] Speaker 3: Obviously it's trading in South created.
[1:24] Speaker 2: Yeah, so the idea of raising capital, I get it
[1:28] Speaker 2: from that standpoint. Well why raise capital now? Well, they
[1:32] Speaker 2: understand and this is just my my, my bollcase on it.
[1:35] Speaker 2: They understand that the moment right like we saw that
[1:39] Speaker 2: the demand for GPUs was a bottle neck, we've got
[1:42] Speaker 2: that under control. Well, now that the bottle neck is memory.
[1:46] Speaker 2: And they lead the world. Like, I know, we want
[1:48] Speaker 2: to talk about Micron, and we love Micron, but the
[1:51] Speaker 2: world leader in high bandwidth memory is s k hix.
[1:54] Speaker 2: And so the US stock market is a place where
[1:58] Speaker 2: you can raise capital and give expose. Most people, if
[2:01] Speaker 2: you've been watching this show, if you're in eyl University,
[2:04] Speaker 2: or if you're in Red Panda, you've already had exposures
[2:06] Speaker 2: to eskhinix. Right, So if you bought DRAM the ETF
[2:10] Speaker 2: that has a twenty four percent allocation, so you've already
[2:12] Speaker 2: been there. The idea that now you can individually have
[2:15] Speaker 2: access to it is a game changing. And so their
[2:17] Speaker 2: goal and they expect to raise additional twenty nine billion, Well,
[2:21] Speaker 2: why would they want to raise twenty nine billion because
[2:23] Speaker 2: of the demand, right, they have to build new fabs,
[2:26] Speaker 2: they have to expand the high vandwidth. What's interesting is
[2:29] Speaker 2: that they're actually talking about advanced packaging. So that's something
[2:33] Speaker 2: that that's pretty interesting to me because when I think
[2:35] Speaker 2: advanced packaging, I think Taiwan Semiconductor, So that talks about
[2:39] Speaker 2: more demand in that space. But they're also directly going
[2:42] Speaker 2: to start buying machinery, the EUV machines from ASML, which
[2:47] Speaker 2: is we talked about that. That's a four hundred million
[2:49] Speaker 2: dollar expense for one machine. So think about that. How
[2:52] Speaker 2: many companies are even in the realm of buying one.
[2:56] Speaker 3: So they're going to have multiple machines. They're expanding.
[2:58] Speaker 2: They already talked about what they do in the South
[3:00] Speaker 2: Korea July tenth, they're supposed to IPO here. How will
[3:04] Speaker 2: it affect the memory sector. I think it's a clear
[3:06] Speaker 2: indication that demand is still here. The memory sector is
[3:09] Speaker 2: still going to be an issue or definitely a high
[3:13] Speaker 2: concern over the next two to three years from what
[3:15] Speaker 2: we saw for Mike Cron's report. I see Samsung just reported.
[3:19] Speaker 2: I'll be interested to see how they did today. Obviously
[3:22] Speaker 2: they've done on a COSP index, so they're in South Korea.
[3:25] Speaker 2: And then this IPO Friday, it'll be a clear indication
[3:29] Speaker 2: of hey, either we're resetting the levels because the evaluations
[3:32] Speaker 2: are too high, or we're going to match these levels
[3:35] Speaker 2: and say here we go on another run.
[3:37] Speaker 3: So the idea of Samsung today.
[3:39] Speaker 2: Or tonight or tomorrow this morning if you're watching and
[3:45] Speaker 2: July tenth, which is Fridays, Kahnix IPOs ASML will be
[3:49] Speaker 2: reporting on Tuesday TSM on Wednesday. The demand story will
[3:54] Speaker 2: come to the forefront in the next five to seven days,
[3:57] Speaker 2: and so that's what we should be watching for.
[3:59] Speaker 4: And yeah, for the Yeah, the people put in chat.
[4:01] Speaker 4: It actually is not IPOs a a d R.
[4:03] Speaker 1: So yeah, it's already a public paid company, but it's
[4:06] Speaker 1: it's getting debuty to it to the American market on
[4:08] Speaker 1: the IPA here on Americans change, So it's not an
[4:12] Speaker 1: initial it's not an initial public offering, but similar as
[4:15] Speaker 1: far as people in America now have access to invest
[4:17] Speaker 1: in it. But Ian, what's your thoughts on on this
[4:21] Speaker 1: and what's your thoughts on the memory sect? Like how
[4:24] Speaker 1: does this impact the memory sector?
[4:26] Speaker 5: I think there's a lot of and I went into
[4:30] Speaker 5: this with a video try. I'm sure you're going to agree.
[4:34] Speaker 5: A lot of people who missed out on the memory
[4:36] Speaker 5: run up are doing the Michael Burry and they're requesting
[4:40] Speaker 5: a crash. So because you missed out, you want these
[4:44] Speaker 5: companies to fail. And we're talking about Earth. Let's say
[4:47] Speaker 5: Micron falls fifty what you want, most people aren't going
[4:51] Speaker 5: to buy it a fifty percent dip. I think will
[4:54] Speaker 5: Micron lose some share? I think of adjust It'll be
[4:57] Speaker 5: like in Video and AMD. I think both are InCred valuable.
[5:02] Speaker 5: The other argument is there's so much interest in this one.
[5:08] Speaker 5: I wonder what are the tech software companies doing to
[5:13] Speaker 5: rebalance to make their stock attractive again, because now I'm
[5:18] Speaker 5: seeing more of an American desire to invest internationally with
[5:22] Speaker 5: more patriotism going to non American companies. Even when I
[5:27] Speaker 5: was at the World Cup, was in them high sense
[5:30] Speaker 5: like we need to have if we picked China's big
[5:34] Speaker 5: three tech products versus are big three.
[5:37] Speaker 3: I'm sorry.
[5:37] Speaker 5: We was talking about this in Atlanta, like if they
[5:39] Speaker 5: sold those by D cars here, it would be over
[5:42] Speaker 5: with for four Yes, So do I think that there'll
[5:48] Speaker 5: be a correction of some sort or an adjustment, yes,
[5:51] Speaker 5: but do I think this company is incredibly valuable without
[5:56] Speaker 5: a shadow of a doubt it is. And the efficiency part,
[6:00] Speaker 5: like we can talk about bottlenecks, but out of the
[6:03] Speaker 5: AI boom, the companies who really benefited were the ones
[6:06] Speaker 5: who adjusted the business, who really delivered a return on
[6:11] Speaker 5: value for the enterprise customers, and they did it great.
[6:13] Speaker 5: So Drama is going to benefit dramatically from it. M
[6:18] Speaker 5: My rule of thumb is the same, wait six months.
[6:21] Speaker 5: There are no exceptions to that rule, but I will
[6:24] Speaker 5: definitely be looking for a price point to get into
[6:26] Speaker 5: it after six or seven months.
[6:28] Speaker 3: For sure.
[6:28] Speaker 5: I like a long term but two things can be
[6:30] Speaker 5: true ra shot, like there can be an adjustment in
[6:33] Speaker 5: sector overall, but these two will be the superstars in.
[6:37] Speaker 4: That space for sure, these two what MICRONSK Honey, Yeah.
[6:42] Speaker 2: I'll just add at this because this is important too, right,
[6:44] Speaker 2: So like, yes, you'll have it if you're ready, and
[6:46] Speaker 2: Drama you have exposure to it. The idea that this
[6:50] Speaker 2: is a South Korean company, I'm glad you brought that up.
[6:52] Speaker 2: And we know this administration is about making American company
[6:55] Speaker 2: American companies the forefront of innovation I'll say.
[6:59] Speaker 3: This, right, you look at every hyperscaler pick one.
[7:03] Speaker 2: If high bandwidth memory doesn't perform or can't execute at
[7:09] Speaker 2: its function, these hyperscalers businesses will drastically suffer and video
[7:14] Speaker 2: won't be able to sell. Compute, Meta, Microsoft, Google all
[7:21] Speaker 2: have the same issue that is needed, and that's the memory.
[7:24] Speaker 2: He texted me this is over the week, and I
[7:26] Speaker 2: said optimistically obviously, but I'll be interested to see how
[7:30] Speaker 2: fast because I've already seen ETFs being built for esk heex.
[7:33] Speaker 3: Already, yevery CTFs are being built.
[7:36] Speaker 2: I'll be interested to see how fast Vanek puts escha
[7:41] Speaker 2: Heix into SMH and what allocation. Yet, those are the
[7:45] Speaker 2: type of things you should watch, right well, SOXX have
[7:48] Speaker 2: exposure to esk Heinex and what allocates me, that'll tell
[7:51] Speaker 2: you the importance and the money. And so when you
[7:53] Speaker 2: see this, I po, yes, retail investors have access, but
[7:57] Speaker 2: the most important piece is that institutional the firm now
[8:01] Speaker 2: have access and can integrate them into their funds.
[8:04] Speaker 5: And so that's what I'll be watching for as well.
[8:06] Speaker 5: And above eight percent is like a key, like if
[8:08] Speaker 5: it's eight to ten percent. Oh, I love that, boy, boy,
[8:12] Speaker 5: it's a home run.
[8:14] Speaker 3: Home run.
[8:15] Speaker 4: So for the leader in the space, which is Micron.
[8:19] Speaker 2: They're not the leader in the space. So Eske Hicks
[8:22] Speaker 2: is the leader. They're the number one happened high bandwidth
[8:25] Speaker 2: memory company in the world. Samsung is number two, Micron
[8:28] Speaker 2: is number three, Micron is the American leader.
[8:31] Speaker 3: Yeah, this is like if one be performed in the finals.
[8:33] Speaker 4: Well, okay, how you define Samsung? What Samsung's market cap?
[8:38] Speaker 3: It's like one point they're all in the one point three.
[8:42] Speaker 4: They're all.
[8:42] Speaker 2: That's crazy, Like they're all at number twelve, thirteen, and
[8:46] Speaker 2: fourteen on.
[8:47] Speaker 3: The on the market capit list.
[8:49] Speaker 5: Samsung market cap Yeah one point.
[8:52] Speaker 3: Nine, yeah trillion, right, yep, yep, yep yep.
[8:57] Speaker 1: So Micron, who just had a blowout earnings historic actually,
[9:04] Speaker 1: and it's actually at a lower point now than it
[9:08] Speaker 1: was when it reported the earnings. And it's something that
[9:10] Speaker 1: Blat was talking about last week when he said, like
[9:12] Speaker 1: that's kind of a sign that that's not a good
[9:14] Speaker 1: sign when it's like expectations have already been baked in,
[9:19] Speaker 1: when nothing that you can do can actually move the needle.
[9:21] Speaker 1: And they moved the needle the first day. But it's
[9:23] Speaker 1: been sliding back since So okay, if historic earnings have
[9:31] Speaker 1: not increased the stock price, is that a sign of
[9:36] Speaker 1: the times of what has been happening with stocks going
[9:40] Speaker 1: lower after earnings and then they've gone up over the
[9:42] Speaker 1: course of time, or is at the beginning stages to
[9:46] Speaker 1: say that the companies are good, they're solid and not
[9:48] Speaker 1: like they have flu companies. But it's run up so
[9:51] Speaker 1: much that the price increase has already been built in
[9:54] Speaker 1: kind of like in video, you could say, you can
[9:56] Speaker 1: make argument that's why in video has it moved because
[9:58] Speaker 1: the price increase has already.
[9:59] Speaker 5: Been don't think if I can take this real quick,
[10:03] Speaker 5: everyone go and chat GPT your clock and asks what
[10:07] Speaker 5: is the expected higher end return for every tech company
[10:12] Speaker 5: on Earth? Micron is gonna be within a standard of
[10:18] Speaker 5: two deviation and Vidio is doing the.
[10:21] Speaker 3: Same thing like the days of.
[10:24] Speaker 5: Like they're not going to have a four year run
[10:26] Speaker 5: where they get two thousand percent return. I think that's
[10:29] Speaker 5: unfair to ask for. I think it will come to
[10:32] Speaker 5: an attractive price point. But once again, when did forty
[10:36] Speaker 5: and fifty percent returns in the year become failure? Like
[10:41] Speaker 5: I don't like, I don't understand the equivalent of like
[10:45] Speaker 5: if a player scores ninety points in the game legit
[10:48] Speaker 5: shot the band, but like legitimate ninety and then he
[10:51] Speaker 5: goes back to score in thirty seven. It's like, no,
[10:53] Speaker 5: he's not failing, he's just calibrating to whateverever his average is.
[10:57] Speaker 5: So I think in a world where they have blockbuster
[11:01] Speaker 5: returns and this is a part of the rotation, they're
[11:05] Speaker 5: gonna hunt for the next thousand percent return company. There
[11:09] Speaker 5: are not many to pick from, so buy it at
[11:12] Speaker 5: an attractive price. I do think expectations need to be modified.
[11:17] Speaker 5: But if anyone think the Micron is going to fall
[11:19] Speaker 5: apart overnight and that their story is over with you
[11:23] Speaker 5: sadly mistaken, You're definitely are mistaken.
[11:26] Speaker 3: I'll add this to it.
[11:28] Speaker 2: And that's why I think the historical data is important.
[11:31] Speaker 2: And so we if we watch what happened last quarter,
[11:34] Speaker 2: it did the exact same thing I think you touched
[11:37] Speaker 2: on a little bit earlier in when people miss a run,
[11:41] Speaker 2: they're going to allow it to pull back to a
[11:44] Speaker 2: point where it becomes even more attractive.
[11:45] Speaker 3: So they should now buy into that.
[11:48] Speaker 2: And so, yeah, it did blow its earnings, but it
[11:51] Speaker 2: did that in Q one and we watched it get
[11:53] Speaker 2: down to three hundred. In fact, there were posts that
[11:56] Speaker 2: were made about this. Maybe you guys remember about the
[12:00] Speaker 2: fall of it and here we are at, you know,
[12:03] Speaker 2: over nine hundreds in it.
[12:06] Speaker 3: Yeah, I mean that's right. So mh yeah, we can't
[12:11] Speaker 3: have the short term vision.
[12:13] Speaker 2: I know. I feel like, oh my gosh, like gods,
[12:16] Speaker 2: you're up six hundred percent, you're up four hundred percent,
[12:19] Speaker 2: Like these type of numbers are not even like realistic
[12:22] Speaker 2: for anyone.
[12:23] Speaker 5: We're talking about the stock now, the stock, Yeah, it's like,
[12:27] Speaker 5: what are we talking about this?
[12:30] Speaker 2: This this company is not going anywhere in fact that
[12:34] Speaker 2: I have a new price target for it molding anywhere
[12:38] Speaker 2: under a thousand. So we just got to be mindful
[12:41] Speaker 2: and be patient with it. Right, We've already laid out
[12:44] Speaker 2: the case for it. We understand that high bandwidth memory
[12:48] Speaker 2: is going to be and continue to be in demand.
[12:50] Speaker 2: We understand that it's sold out for this year and
[12:52] Speaker 2: sold out for next year. The strategic partnerships, it's all
[12:55] Speaker 2: laid out for you. The idea is will you invest
[12:58] Speaker 2: and will you hold it and be disciplined about holding
[13:03] Speaker 2: the position? Is your price point sixteen hundred, it's right
[13:08] Speaker 2: in that ballpark. Fifth, it's in that ballpark. Yeah, not
[13:11] Speaker 2: far seventy Yeah, it's in it. It's in that ballpark
[13:15] Speaker 2: hole
[13:15] Speaker 3: For the long term.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.