Prof G Markets · Monday, June 29, 2026
The first half of 2026 saw a substantial acceleration in AI development, accompanied by a memory chip shortage that boosted related stocks. Events like the "SAS catastrophe" triggered by new AI products from Anthropic also caused market ripples, impacting legacy software companies.
“We then saw an acceleration in the AI build-out. We saw a memory chip shortage, which we're seeing play out in real time, a massive surge in memory stocks.”
“We saw SAS catastrophe, which was triggered by a big influx of new AI products from Anthropic, which got everyone very scared about names like Adobe and Salesforce and ServiceNow and all these sort of legacy software companies.”