Dan Gallagher

That's the system memory that helps any computing device do its job.

Any device that has any kind of processing chip needs system memory to actually function.

And so that's Micron, Samsung, Hynix, they're the big makers of DRAM.

AI systems need tons and tons of memory.

They need a lot of a special type of DRAM memory for the chips to like do the computing that's required.

These are kind of later bloomers, but over the past year, the market has woken up to what is happening.

The sales are exploding at these companies.

SanDisk in particular, that stock is up almost 4,000% in the last 12 months.

Western Digital and Seagate, they've nearly tripled in value just in the last six months.

Micron has more than doubled just since the first of the year.

In terms of market cap, Micron is now worth more than Exxon Mobil.

And that's worth more than Exxon Mobil in the midst of a historic oil price surge.

Today this could be the greatest day of our lives.

The worry with Uber is that, of course, they run this massive network of human drivers.

If robo-taxis become this wave of the future, that they're going to be displaced because maybe way more people would prefer robo-taxis over human drivers.

So right now, there's two cities in which Waymo cars are operating essentially through the Uber app, and that's Austin and Atlanta.

And so when Uber got those deals...

The investors thought, oh, maybe there is a place for Uber in this autonomous car world.

But then Waymo has announced several cities since that it plans to expand in that don't include Uber.

They're also going into another city doing a partnership with Lyft and some of the cities they offer their cars on their own app.