POPA Recon📁Citi Memory Update: NAND source that the market is missing
📁Citi Memory Update: NAND source that the market is missing · The sharp drop in semiconductors is not due to damage to the industry, but to liquidation of leverage and pessimism reaching the level of madness. · The important point is not the familiar HBM·DRAM strength. NAND could be tighter than DRAM by 2027 · Currently, memory has a very attractive risk-to-reward ratio. 1. NAND supply shortage continues - Supplier inventory of 2.6 weeks, half of the normal level of 5 weeks - Big 3 prioritizes HBM and DRAM production and limits NAND production increase - New facility supply will be reflected…
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