# HBM demand — X 热门讨论 (2026-09-23 23:46 UTC)
## @SoSoValueCrypto (SoSoValue) · 09-23 05:49 · ♥30 ↻4 💬2 Memory Stocks Lead, Nasdaq Hits a Record: Wall Street’s Fear of Missing Out on AI Returns https://x.com/SoSoValueCrypto/status/2102636430023590141
## @The_AI_Investor (The AI Investor) · 09-23 07:13 · ♥30 ↻1 💬3 Yuanta Securities raises Samsung Electronics target 530,000 → 630,000 won on prolonged memory upcycle (Sept 23, 2026)
Yuanta Securities researcher Baek Gil-hyun raises Samsung target price from 530,000 won to 630,000 won, Buy maintained; Q3 estimates: operating profit 99.86T won (+720.8% YoY, +11.6% QoQ), revenue 212.19T won (+146.6% YoY); Device Solutions division operating profit ~100T won in Q3; DRAM ASP +18% and NAND ASP +16% QoQ on full-scale HBM4 sales. What happened: Yuanta says tight memory supply and demand will persist into 2027 and 2028, as HBM production keeps eroding general-purpose DRAM capacity while AI inference spreads demand for high-capacity memory.
Baek also flagged possible increased shareholder returns as the upcycle lengthens, arguing free cash flow could structurally expand and "concerns about peak-out adjustments present a buying opportunity." Why it matters: this is a sell-side name extending the memory upcycle call a full two years further out — if DRAM and NAND pricing stays tight through 2028, the whole memory chain's earnings power gets repriced higher. https://x.com/The_AI_Investor/status/2102657536864534761