J.D.(@Jadzo1_):MS: HDDs vs Memory Cycle → “HDDs appear to be at the point in the upcycle where memory was a year ago.” → “Demand is accelerating, customers are broadening, pricing is entering a steeper part of the S-curve.” → While memory price growth is expected to decelerate and margins flatten, MS sees HDD pricing power strengthening, with more meaningful margin expansion and earnings upside still ahead

J.D.

@Jadzo1_

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Joined June 2023

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J.D.@Jadzo1_

2026.10.21 06:48

MS: HDDs vs Memory Cycle → “HDDs appear to be at the point in the upcycle where memory was a year ago.” → “Demand is accelerating, customers are broadening, pricing is entering a steeper part of the S-curve.” → While memory price growth is expected to decelerate and margins flatten, MS sees HDD pricing power strengthening, with more meaningful margin expansion and earnings upside still ahead