POPA ReconDon't Fear the Memory Rally
Don't Fear the Memory Rally Historically, the memory market was defined by boom-and-bust cycles tied to consumer upgrades. Today, demand is driven by massive AI infra and compute needs, leading hyperscalers to sign strict, long-term supply commitments Unlike past cycles where high prices attracted new competition and caused oversupply, the High Bandwidth Memory (HBM) used for AI is incredibly complex to make Production is tightly controlled by just 3 companies (Samsung, SK hynix, and Micron), and severe equipment and factory lead times mean supply shortages are projected to persist through…
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