Assessing the Impact of Neocloud Companies on the Memory Market

Paul likes companies benefiting from AI spend, including Coreweave, Nvidia, Broadcom, and Taiwan Semi. He believes the neo-cloud business model is secure due to long-term contracts with well-funded companies like Microsoft and Meta, with some upfront cash flow. The deal between Coreweave and Nvidia is also seen as a positive, as it ensures Nvidia can access excess capacity between now and 2032.