Svmuu News: In its latest report, Nomura Securities argues that the core issue facing the global memory industry remains a severe supply shortage, and that AI-driven structural demand growth has not yet peaked. Recent investor concerns about oversupply have been clearly exaggerated, and the market’s overreaction may present a window of opportunity for the memory sector to reassess its valuations. In the report, Nomura Securities states bluntly that market concerns are severely exaggerated, as the cycle for semiconductor investments to translate into actual production capacity is extremely long, South Korea’s investment plan, totaling 480 trillion won, will take at least 5 to 10 years to translate into actual production capacity; moreover, the displacement of general-purpose memory capacity by high-margin HBM (High Bandwidth Memory) is causing severe supply shortages in the market. Nomura Securities emphasized that Meta’s decision is by no means a turning point signaling a decline in AI-related hardware demand. On the contrary, as the current shortage of computing power has driven up the price per token, the entry of Meta’s computing power into the market is expected to help stabilize token prices at a lower level. (Jin Shi)