Research Brief: The Mid-2026 Semiconductor Correction
A bilingual research brief for The Mid-2026 Semiconductor Correction: AI Infrastructure, Model Mis-Specification, and Memory as a Bottleneck Asset — SSRN Working Paper No. 7013899, Huang, Po-Sung (Sinclair), 2026. What the paper studies. The mid-2026 semiconductor correction generated two competing narratives: a “bubble-burst” reading grounded in legacy DRAM cycle models, and an “infrastructure repricing” reading grounded in bottleneck economics and AI capex fundamentals. The paper uses the divergence in analyst and retail commentary around Micron Technology as a case study in regime mis-specification — the application of a prior-cycle statistical model to a structurally transformed market environment. ...