Eric Jhonsa discusses concerns about HBM demand and memory sector weakness, attributing it to investor worries about reduced capex growth due to HBM de-specing. He argues this view undervalues current and future demand drivers like accelerator shipments and continual learning, and notes that semiconductor and memory stocks have attracted different investor types now experiencing sell-offs.
Discussion on X about HBM (high-bandwidth memory) technology trends, demand, and supply dynamics relevant to memory chip investors, referencing Micron stock.
Memory chip prices have surged five to seven times according to Intel's CEO, with HBM supply unable to keep pace with demand from major manufacturers. Memory now comprises 70-80% of low-end phone and laptop costs, and shortages are expected to worsen through 2027.