Silicon Motion Technology (SIMO) is getting a lot of traction from the ongoing memory chip shortage. Analysts expect this shortage could last until 2031 since big players like Micron and Samsung are already selling out their capacity years in advance. SIMO makes SSDs and flash controllers that are heavily used in AI data centers. Their Q2 numbers were solid. Revenue grew 127% year-over-year and net income was up 7x with a 30% profit margin. The AI-focused segments are driving a lot of this, with SSD boot drive sales up over 1600%. Management is projecting Q3 revenue around $541M, which would be another 124% growth from last year. The stock has run up this year but still has a forward P/E of 19.6 and a market cap under $10B. Next earnings report is coming up in late October.