Nvidia, AMD and refurbished PCs: 2 IT stocks with profit growth of up to 121%

The Artificial Intelligence trade is showing signs of cooling, with the market becoming more cautious about the pace of data centre spending and the returns expected from AI investments. This has also put the spotlight on memory prices. Memory prices had risen sharply on strong demand from AI servers and data centres.

As technology companies reassess their spending plans, any slowdown in demand could ease the pressure on memory supply and bring prices down. The impact could extend well beyond the AI industry. Memory is a key component in laptops, desktops and other computing devices.