(https://www.cnbc.com/2026/06/26/openai-ipo-timeline-delayed-kalshi-predictions.html) into 2027 is being read as "AI bubble deflating." Wrong frame. The real story is that hyperscalers just realized their memory bottleneck can't be solved by throwing more money at Nvidia. HBM (high-bandwidth memory) and advanced DRAM nodes require bleeding-edge fab capacity.

Research these companies