Nomura: Global Storage Industry Still Faces Severe Supply Shortage, AI-Driven Structural Demand Growth Has Not Yet Peaked

CoinFeed July 5 news, according to Jinshi reports, Nomura believes in its latest report that the core contradiction in the global storage industry is still a severe supply shortage, and AI-driven structural demand growth has not yet peaked. Recently, investors' concerns about oversupply are clearly excessive, and the market's overreaction may provide a window for re-evaluating valuations in the storage sector. Nomura bluntly stated in the report that market concerns are severely exaggerated, the cycle for semiconductor investments to translate into actual production capacity is extremely long, South Korea's investment plan of up to 4,800 trillion won will take at least 5 to 10 years to convert into actual capacity, and the squeeze of high-profit HBM (High Bandwidth Memory) on general-purpose memory capacity is leading to a severe supply shortage in the market. Nomura emphasized that Meta's decision is by no means a turning point for declining AI-related hardware demand.