Svmuu News: HSBC analysts stated in a research report that it may be too early to worry about the storage cycle peaking. The analysts believe that as agent-based AI boosts office productivity and reshapes workflows, the storage supercycle is likely to continue. Improving profit margins in AI services continue to underpin robust cloud spending, and hyperscale cloud service providers are unlikely to slow their expansion of computing power as they compete for this rapidly growing market.
As the next-generation high-bandwidth memory (HBM4) is gradually introduced to the market, the upward trend in HBM product prices is expected to continue. Given SK Hynix’s significant exposure to HBM, HSBC favors SK Hynix among South Korean tech stocks. HSBC expects that once HBM4 achieves widespread adoption in 2027, SK Hynix’s market share in the HBM sector is likely to remain between 50% and 55%. (Jin Shi)