The issue is chip production in Korea and possibly Taiwan. And that's where vast amounts of US chip inventory comes from. How to buildout AI capacity if can't source memory chips? This exposes another risk to the high AI valuations which are underpinning market valuations.

The article is timely as it suggests yet another unconsidered risk factor of this war - USA could destroy its own stock market. Or Iran could accelerate that with one missile. I like to think the US military know this hence obsession with missile destruction but it is reasonable based on recent behaviour to assume that the MAGA overlords can't even spell bromine nevermind understand the risk.