Citi analysts: HBM demand to surge 62% in 2027 and another 69% in 2028
TiernanRayTech · x · 2026-09-16
- Citing Citi analyst Peter Lee's team, Tiernan Ray argues that supply, not demand, is the thing to watch in memory chips: Micron, SanDisk, Samsung and SK Hynix will under-sell demand for years.
- Makers have stopped forecasting total demand since they can't even meet current orders, as AI-driven DRAM/NAND shortages drove prices sharply higher this year.
- Citi forecasts global HBM bit demand to jump 62% in 2027 versus this year, and another 69% in 2028.
- The author adds that AI panic won't meaningfully dent chip sales.
More from Venture
- Arcee AI raises Series B at over $1B valuation to push open-source Trinity models — julsimon · 2026-09-16
- How do you cap an AI agent's API spend across multiple vendors? — apyhubnico · 2026-09-16
- BackOps AI raises $42M Series B six months after $26M Series A to automate logistics ops — HankYeomans · 2026-09-16
- Typeless cuts free tier from 8K to 2K weekly as big models build in voice input — xiaohu · 2026-09-16
- Cohere and Aleph Alpha merge to form first transatlantic foundation model developer with 1,000+ staff — cohere · 2026-09-16
- Dev turns $87k/month business into a game where real revenue grows the city — eptwts · 2026-09-16