【Midday Deep Dive｜Revaluation of Storage Chains】Nvidia's earnings report shines bright, but the real bottleneck for AI lies in storage. HBM3E boasts a gross margin of 78%, far surpassing traditional DRAM at 25%. The Big Three in storage dominate 95% of production capacity, with contracts locked in until 2029.
Data: Each Blackwell GPU requires 192GB of HBM, costing over $3000. Annual demand for HBM is set to rise by 40%, while supply will only increase by 6-8%, creating a shortage that will persist until 2028.
Valuation: Storage stocks have a PE ratio of only 5-10 times, while Nvidia sits at 35 times and AMD at 45 times. Both benefit from AI, but the valuation gap is 5-7 times. Storage is transitioning from a cyclical stock to a growth stock.
On-chain perp can be used to position in storage stocks 24/7, no need to wait for the US markets to open.
$ONDO $ETH $BTC
#AlphaGBM #AI #storagechips
Data: Each Blackwell GPU requires 192GB of HBM, costing over $3000. Annual demand for HBM is set to rise by 40%, while supply will only increase by 6-8%, creating a shortage that will persist until 2028.
Valuation: Storage stocks have a PE ratio of only 5-10 times, while Nvidia sits at 35 times and AMD at 45 times. Both benefit from AI, but the valuation gap is 5-7 times. Storage is transitioning from a cyclical stock to a growth stock.
On-chain perp can be used to position in storage stocks 24/7, no need to wait for the US markets to open.
$ONDO $ETH $BTC
#AlphaGBM #AI #storagechips