Alex Corrino(@AlexCorrino):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.

2026.06.30 12:26

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.