Regarding HBM: all Micron capacities are already fully booked, and SK Hynix's revenue for the year could double — note that this is not analyst expectations, but volumes fixed in contracts. In the fast-paced NAND segment, high-capacity memory chips are being rapidly adopted, and enterprise SSDs are mass replacing traditional HDDs. It is expected that the global storage market will exceed $240 billion.

Another interesting trend: efforts to optimize AI and "compress RAM usage" lead users to run larger models and perform complex computations, which only accelerates demand growth. The more they try to save, the more they spend; the industry should thank these "efficiency optimizers" for their contribution to growth.
A more significant structural constraint is that it takes at least 1–2 years to bring new storage capacities online. This means that in the short term, supply will not be able to meet the growing demand, and simultaneous growth in volumes and prices is expected to continue into 2026–2027.