Did Apple just signal a bottom in momentum-driven memory chip stocks?

Apple's recent revenue guidance, which cited a significant shortage and exponential price increases for memory chips, suggests a potential bottom for momentum-driven memory chip stocks. Despite recent pullbacks due to fears of Big Tech overspending on AI, analysts believe the underlying demand for HBM and DRAM in AI servers remains strong, tightening the market and providing pricing power to suppliers like SK Hynix, Samsung, and Micron. This situation indicates that investor caution might be overdone, and a market correction could be playing out before a rebound.