Nomura: The current global storage industry is still severely supply-constrained; the structurally driven demand growth from AI has not yet peaked

Odaily Planet Daily News Nomura stated in its latest report that the core contradiction in the current global storage industry remains a severe supply shortage, and the structurally driven demand growth from AI has not yet peaked. Recent investor concerns about oversupply have been significantly exaggerated, and the market's overreaction may provide a window for re-evaluating storage sector valuations. Nomura directly stated in the report that market worries are severely overstated, the cycle for converting semiconductor investments into actual production capacity is extremely long, South Korea's massive investment plan of 4800 trillion Korean won will take at least 5 to 10 years to translate into real capacity, and the crowding out of general storage capacity by high-profit HBM (High Bandwidth Memory) is causing the market to face a severe supply shortage. Nomura emphasized that Meta's decision is by no means a turning point indicating a decrease in AI-related hardware demand. On the contrary, due to the current shortage of computing power supply leading to an upward trend in the price of individual tokens, the entry of Meta's computing power into the market is expected to help stabilize token prices downward. (Jin Shi)