AI Supply Chain Boom Far From Over: Storage, Packaging, Power Demand to Surge

The signal here is less about any single name than about where scarcity is migrating: from compute chips toward storage, advanced packaging and power, the unglamorous layers that gate deployment. UBS's margin projection and SanDisk's multi-year commitments suggest pricing power is shifting to suppliers who can lock in capacity years ahead, while CoreWeave's extended use of older GPUs implies demand is stretching existing fleets rather than waiting for replacements. The open question is whether packaging and ABF substrate bottlenecks ease fast enough to let that demand convert into revenue.