We don't own enough memory.

> HBM capacity sold out through 2026 across all major suppliers (SK Hynix, $MU, Samsung).

> Market TAM projected to reach $100B by 2028, up from $35B in 2025 (40% CAGR).

> SK Hynix dominates with 62% market share; NVIDIA accounts for (90% of their HBM supply).

> NVIDIA cutting gaming GPU production 30-40% in H1 2026 due to GDDR7 constraints.

> Memory industry consolidation creates pricing power unprecedented in semiconductor history.

> SK Hynix has received unprecedented offers from global tech firms trying to secure memory chip supply.

As expected, the memory stocks are at an all-time high, and I think they will keep going higher.

Source: Introl and Reuters.