statement
Four pressures overlap: new production capacity coming online at the end of 2027, delayed data center construction, shrinking HBM premium, and NAND spot prices plunging about 20% in two weeks.
A statement by Shawn Kim. Statements are as reported by the cited publishers — not verified by DecisionGateway.
2027년 말 신규 생산능력 가동, 데이터센터 건설 지연, HBM 프리미엄 축소, NAND 현물가격의 2주간 약 20% 급락 등 4가지 압력이 겹치면서
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Related claims
For 2027, the report recommends an approach focused on data centers and semiconductors, momentum that can be verified in substance and felt in immediate earnings.현대차증권 건설/유틸리티 신동현 · predictionCombined Server DRAM and HBM bit supply will grow at a 46% compound annual rate from 2024 to 2027, and its share of total DRAM supply will rise to 65% by the end of 2027.대만공상시보 · predictionIf actual policy direction focuses on cost sharing rather than banning data center construction, the semiconductor decline is excessive.FICC리서치부 전략/시황: 이경민 · statementTrendForce forecasts that 2027 Server CPU shipments will grow more than 30% year over year, while Server DRAM bit supply growth will be only about 25%, and that even including SOCAMM supply the supply-demand gap will be hard to close.TrendForce · predictionThe real risk is likely to be concentrated in cost increases and schedule delays rather than construction halts, and the consensus for Big Tech's 2027 CapEx growth rate remains at +28%.FICC리서치부 전략/시황: 이경민 · predictionWhile data center demand remains solid, supply delays in the US can be an opportunity outside the US.하나증권 · prediction
More claims by Shawn Kim
Long-term DRAM operating margin assumptions for the two companies were sharply lowered to historical average levels.statementThe industry will face an 'earnings cliff' in 2028.predictionSamsung Electronics' target price was cut by 19%.statementSK hynix's target price was cut by 38%.statementShawn Kim downgraded target prices across memory stocks.statement
All claims by Shawn Kim