The article mentions that while many growth stocks are struggling, the demand for AI hardware is creating opportunities in memory and chip manufacturing. Sandisk (SNDK) is benefiting from a shortage in DRAM and NAND memory. Prices have nearly doubled, and analysts expect the company to double its revenue this fiscal year. It is currently trading at roughly 8x next year's expected earnings. ASML is also highlighted for its monopoly on the lithography equipment needed to make high-end chips. While their $400 million machines make revenue volatile, the long-term demand from customers like Intel and TSMC remains strong due to the AI boom.