HBM supply vs demand gab in Gigabits. What you must understand: -That -7% bit shortfall is really a -21% to -28% wafer shortfall for HBM4E. It eats 3x to 4x more wafers per bit due to TSV and very low stack yields. -The gap went from -1% to -7%. It's widening even as all 3 giants pour resources and wafer starts into HBM. That's a breakout. -2027 new supply is already sold out. The memory trio is ramping with discipline, and SK Hynix's chairman doesn't see balance returning even by 2030.

HBM: keep >40% revenue share next year. FY27 blended ASP now +48% y/y (was +35%). 8Hi mix seen at 55–60% as key customers lean 8Hi over 12Hi on HBM4 / HBM4E. Undersupply through FY28. $SKHY

#HBM# is now a defining technology of the #AI# era. But its story began long before the AI boom. One question is worth decoding: Who developed the world’s first HBM? Trace the origins of HBM and its evolution into a critical AI memory technology. #SKhynix# #HBM4E# #AIMemory#

HBM was built for Artificial Intelligence. It's not where data sits. It's where AI thinks. Stupid analysts keep pricing it like a storage commodity cycle. You and I are the contrarians on the other side of that trade. Stay early. Stay right. $MU $SKHY $SNDK

Citi: HBM Demand Outlook > Massive Market Growth: Total HBM demand is projected to surge exponentially, jumping from just 736 (1Gb eq.) in 2021 to a staggering 126,990 by 2028. > Nvidia Dominates Demand: Nvidia remains the primary driver of HBM consumption, expected to account for 40,939 out of the 126,990 total demand by 2028 (roughly 32%), down from ~40% in 2025. > Strong Cloud & Tech Player Adoption: Broadcom, Google, AMD, and AWS show sharp upward trajectories, with Broadcom experiencing massive scaling to reach 41,003 by 2028. > Rapid Technological Transitions: HBM4 12hi and HBM4e scaling heavily through 2027 and 2028. $MU $DRAM $SKHY $DISK $EWY

The HBM market is expected to grow 25X in four years, from $4B in 2023 to $100B in 2027. Meanwhile, it’s hotly debated whether memory has topped or will continue to lead the market. This week, my free analysis tackles one of the highest-stakes questions in the AI trade. Link in bio. $MU $NVDA $AMD