The Information is out with a report saying that OpenAI has found a way to cut inference costs in half.
I haven’t seen the report myself but this is the kind of thing — if proven — that would hurt demand for memory chips. Micron is up 0.5% today while Sandisk is up 5% on an upgrade from Bernstein.
The SOXX semiconductor ETF is up 3% today and has been hot this year, to say the least.
This article was written by Adam Button at investinglive.com.