I cringe every time I see someone saying a fabless semiconductor company can be a bottleneck beneficiary like $MU or $SNDK


Only physical goods can become bottlenecked. PDFs with chip designs cannot become a bottleneck
So yes, while a company like $AMD or $MRVL can benefit from bottleneck trends because they have locked capacity, or because they can become a structural second-tier beneficiary of a bottleneck, they are nowhere similar to $MU or $SNDK
$NVDA is not up so much because GPUs were a bottleneck, but because they were the best by far and could command the best ASPs. That is a very different situation
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