HBM demand · X 热门 · 2026-09-25 22:46 UTC

# HBM demand — X 热门讨论 (2026-09-25 22:46 UTC)

## @BlackPantherCap (Black Panther Capital) · 09-25 18:25 · ♥32 ↻1 💬5 My AI buildout prediction through 2030:

AI infrastructure spending keeps growing, but the bottlenecks shift.

$NVDA dominates compute. $MU benefits from rising HBM demand. $AAOI rides the optical networking buildout.

$NBIS and $IREN scale AI infrastructure, with power, financing and execution determining their returns.

The biggest risk will be AI capex growing faster than the returns it generates. OR, AI capex slowing down.

-BP

Not financial advice. https://x.com/BlackPantherCap/status/2103551480493920740