Wall Street goes hunting for the next Nvidia and lands on the people who make memory

Wall Street is pricing Micron like the next Nvidia and Lenovo says the memory shortage is permanent. Plus China retakes the supercomputer crown, AI coding agents tricked into installing malware, and the open-model field widens.

The Call: Within six months, the AI-hardware story stops being a GPU story alone. At least one major memory maker (Micron or SK Hynix) reports a quarter in which data-center memory revenue grows faster year over year than Nvidia's data-center segment, and memory supply shows up as a named constraint in at least one hyperscaler's capex guidance. Settles by December 28, 2026.

00:00:00 · Cold Open
00:00:26 · The Big Story
00:01:44 · Compute & Silicon
00:02:29 · Agents & Security
00:03:10 · Models & the Wider World
00:03:51 · The Tape
00:04:22 · The Break
00:04:59 · Quick Hits
00:05:32 · The Call

Cut from 24 stories across 300+ curated sources. Read the edition with full transcript at nextbig.dev/daily/2026-06-28