Jukan — NVIDIA's NDR: memory shortage expected to persist for several years

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Jukan — NVIDIA's NDR: memory shortage expected to persist for several years

The bull case today's selloff is testing. Per Morgan Stanley's takeaways from NVIDIA's non-deal roadshow, NVIDIA expects the memory shortage to persist for years — notable because NVIDIA has the best visibility into AI demand of anyone. Read against the SK Hynix cut: if demand is intact and the cut is about HBM4 *timing* and mix, today is a ramp-schedule repricing, not a thesis break. That is the distinction to resolve.

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The bull case today's selloff is testing. Per Morgan Stanley's takeaways from NVIDIA's non-deal roadshow, NVIDIA expects the memory shortage to persist for years — notable because NVIDIA has the best visibility into AI demand of anyone. Read against the SK Hynix cut: if demand is intact and the cut is about HBM4 timing and mix, today is a ramp-schedule repricing, not a thesis break. That is the distinction to resolve.

7 events
DateTypeEvent
Jul 17 ArticleThe K3 Scare Is Not the R1 Scare Jul 24 Market SignalDisclosed Money: Congress's Most Active Traders Spent May and June Buying the AI Supply Chain Aug 11 TweetThe Kobeissi Letter — memory is now the tape: NVDA, MU and SNDK are three of the four most-traded US stocks Jul 13 Desk NoteVertical: Memory & Storage — read the −15% correctly Jul 13 TweetSemiconductor Insider — Korea Investment Securities cuts SK Hynix 2026-27 operating profit 9-11% on HBM4 ramp delays Jul 13 Redditr/stocks — TSMC reports 68% surge in June revenue Jul 13 TweetP Equity Research — BofA: memory indicator near record highs (183 vs past peaks of 120-130), super-cycle intact

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