Emerging-market fund manager Divya Mathur at ClearBridge Investments sees memory chips as the top investment bet. Her fund is outperforming 97% of peers, and she argues artificial intelligence will drive sustained chip demand for the next decade. This conviction shapes her fund's strategy.

Memory stocks have historically been cyclical, but the AI revolution is changing that calculus. Companies like Samsung and SK Hynix are key players in supplying the high-bandwidth memory needed for AI training. This demand shift offers a potential structural tailwind for the sector.

Investors should watch for quarterly earnings from major chipmakers for confirmation of this demand trend. Mathur's call suggests a broader rotation into hardware enabling AI, moving beyond just software and cloud providers. The next few quarters will be critical for validating this thesis.