Taiwanese memory distributor Ching Yun is one of the hottest stocks on the island right now, and the surge is good news for anyone riding the AI hardware boom.

• August sales came in at a record high, up more than 18 times from a year earlier.
• The stock locked at its daily limit up two days running, with far more buy orders than shares available.
• The cause is simple: AI data center building has made memory chips scarce and expensive.
• AI demand is also crowding out regular consumer memory and CPUs, pushing those prices up too.
• Sales for the first eight months of the year are up more than six times, and local chip distributors are all guiding higher.

Outlook: As long as AI spending keeps memory tight, Taiwanese chip distributors should keep posting outsized sales growth.