Capacitor Frenzy: The Latest AI Bottleneck Trade Makes Memory Look Like Child's Play

One month ago, we explained why "capacitors are the new memory", laying out a detailed analysis showing how the boring, humble capacitor (technically Multi Layer Ceramic Capacitor or MLCC) will be "the next sector that generates memory-like returns, or even surpasses them" in the context of the rollout of not only Nvidia's next generation Vera Rubin rack, but also as part of the broader AI buildout.

For those who missed it, the thesis in a nutshell: the big question everyone wants answered is what is the "next bottleneck", i.e., which is the next sector that generates memory-like returns, or even surpasses them?  The answer is found in humble, boring capacitors, or rather Multilayer Ceramic Capacitors (MLCCs).