A former SK Hynix employee noted that Nvidia upgrades its GPUs very aggressively, and HBM has to advance at the same pace.
I want to make clear that the argument for the big three being replaced by cheaper memory is one of the most flawed out there.
Look at Samsung, SK Hynix, and Micron themselves. They constantly have to improve to keep up with higher complexity and demand, for example, to maintain compatibility with Nvidia's future products.
What makes anyone think that another company can just randomly pivot to memory and outperform their products in such a short time?
It's not just that CXMT can't make a real dent in memory supply and demand. Even domestically, no company can pivot to memory at this point to give Micron any real turbulence.
I think people are just having a hard time grasping a legitimate change in tech after many years, and are overcomplicating something that isn't complicated to begin with.
The thesis for memory hasn't changed since last year, and that's the best part. If anything, one could argue that the true real-world cycle for memory has just started as inference begins its boom.
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