Alex Corrino
@AlexCorrino
Your favorite trader's favorite trader. Hedge Fund CIO. I write about AI and markets. Not Financial Advice!
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With Micron earnings last week absolutely smoking all estimates and putting up truly insane numbers, the timeline is once again asking if this is the top of the memory cycle.
I sat down to do the work, and it seems we are in for a much longer shortage than the market believes.
A few key numbers:
1. Token demand is projected to 24x by 2030.
2. HBM supply is projected to double by 2030.
3. HBM demand is projected to 5x by 2030.
There’s a massive structural supply/demand imbalance in the market, and it’s actually growing not shrinking.
Link to read the full free report below.
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This is a hell of a chart from @Nomura
