【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%, significantly higher than traditional DRAM at 25%. The storage triad monopolizes 95% of the capacity, with contracts locked in until 2029.
Data: Each Blackwell GPU requires 192GB of HBM, costing over $3000. HBM demand is projected to rise by 40% annually, while supply only increases by 6-8%, leading to a shortage expected to last until 2028.
Valuation: Storage stocks have a PE ratio of just 5-10x, compared to NVIDIA's 35x and AMD's 45x. Both sectors benefit from AI, but there's a valuation gap of 5-7x. Storage is shifting from a cyclical to a growth stock.
On-chain perps can be used to position in storage stocks 24/7, without waiting for the US market to open.
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#AlphaGBM #AI #storage chips
Data: Each Blackwell GPU requires 192GB of HBM, costing over $3000. HBM demand is projected to rise by 40% annually, while supply only increases by 6-8%, leading to a shortage expected to last until 2028.
Valuation: Storage stocks have a PE ratio of just 5-10x, compared to NVIDIA's 35x and AMD's 45x. Both sectors benefit from AI, but there's a valuation gap of 5-7x. Storage is shifting from a cyclical to a growth stock.
On-chain perps can be used to position in storage stocks 24/7, without waiting for the US market to open.
$BTC $ONDO $ETH
#AlphaGBM #AI #storage chips