Parts of the market are asking if we're already nearing peak tightness and margins in the memory chip space as the shortage persists.

Strong memory demand has been a catalyst for this AI stock in recent months, a trend that's likely to continue.

The chip manufacturer is investing billions to boost capacity in the U.S. and Asia. Executives expect certain chip supplies to remain limited for the foreseeable future.

The rush to boost production of memory chips to meet fast accelerating demand from artificial intelligence will add to the semiconductor sector’s climate footprint and risks lifting costs of managing emissions.

The stock was the sharpest riser in the S&P 500 premarket after the company said the facilities would boost its manufacturing capacity for DRAM and high-bandwidth memory products.

Since Taiwan Semiconductor manufactures chips for many designers and technology giants, it benefits from the explosive industrywide demand for cutting-edge chips and is not reliant on any single company or technology.

Certain Wall Street analysts think Micron and Intel could fall sharply in the next year.