Everyone can see the demand side of the AI boom. The harder question is what's actually constraining supply. In this episode of The Active Share, Hugo is joined by Siuchoon Koay, a research analyst covering large-cap global semiconductors at William Blair, for a technical walk through the AI hardware stack — from GPUs and high-bandwidth memory to substrates and rack-level power. Siuchoon traces how the industry's bottlenecks have migrated over the past two years, weighs Nvidia's and TSMC's strategic choices around capacity and vertical integration, and assesses the risk that Chinese open-source models pose to Western margins. The real question isn't whether AI demand is real, it's who ends up paying for it.

Rss Apple Podcaster
Podden och tillhörande omslagsbild på den här sidan tillhör William Blair Investment Management. Innehållet i podden är skapat av William Blair Investment Management och inte av, eller tillsammans med, Poddtoppen.