‘ASTRONOMICAL GROWTH:' Roundhill Investments CEO on memory chips powering AI

• SK Hynix reported significant year-over-year revenue growth (198%) and strong gross/operating margins, driven by DRAM, NAND, and HBM demand.
• The memory market is experiencing accelerating demand for high-bandwidth memory for AI, coupled with a supply shortage that will persist for 3-4 years.
• The Roundhill Memory ETF (DRAM) gathered over $1 billion in assets in less than two weeks, providing US investors access to key memory chip manufacturers like Samsung, SK Hynix, and Micron.
• Photonic stocks like Coherent Corp (COHR), Credo Technology Group (CRDO), and Lumentum Holdings (LITE) are identified as 'picks and shovels' plays benefiting from data center infrastructure build-out for AI.

The discussion highlights the 'astronomical growth' in memory chips, particularly high-bandwidth memory (HBM), driven by AI infrastructure demand. The memory market is no longer considered cyclical due to long-term contracts and supply shortages. Specific investment opportunities in memory and photonic stocks are presented, alongside an optimistic outlook for US equities based on strong earnings.