AI Keeps Getting Smarter. Now It Has to Move Faster.
Micron, Credo and Fabrinet reveal why the next constraint in artificial intelligence may be the speed at which memory and networks can feed the compute already being built.
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The first phase of the artificial-intelligence boom was about acquiring compute. The industry wanted more GPUs, larger clusters and enough data-centre capacity to train increasingly capable models.
But a faster processor does not create value in isolation.
It needs memory that can supply data quickly enough. Thousands of accelerators need links that can keep them working as one system. And those links eventually depend on optical components that can move enormous quantities of information across racks, buildings and data-centre campuses.
That is the backdrop behind this week’s three companies: Micron Technology (NASDAQ: MU), Credo Technology Group (NASDAQ: CRDO) and Fabrinet (NYSE: FN).
Micron supplies the high-bandwidth memory that sits beside the accelerator. Credo designs the electrical and optical connectivity that moves data through AI systems. Fabrinet provides the precision manufacturing and optical packaging required to turn those designs into physical infrastructure at scale.
Together, they form a connected investment chain:
Compute → Memory → Connectivity → Optical Infrastructure
On December 12th, we will be bringing together investors and long-term thinkers at Fairmont Mt. Kenya Safari Club, Nanyuki for the Annual Henriot Capital Investor’s Summit. A full day of research, markets, meaningful conversations and shared experiences, built around one idea: long-term wealth conversations for future generations. Request an invitation below.
