Aug. 3 at 11:46 PM
HBM demand is exploding.
Total HBM demand is projected to reach roughly 48,618 million Gb by 2027, driven almost entirely by AI GPUs and custom ASICs.
Key buyers:
$NVDA — ~36% of 2027 demand
Rubin R200 alone could require 1.7M+ kGB of HBM4 12-high stacks.
$GOOG — ~35%
Massive TPU deployments driving demand.
$AMD — ~16%
MI350 and MI455 accelerators using HBM3e/HBM4.
Other demand comes from AWS, Microsoft, Meta, and more.
Supply will likely remain tight for years.
The biggest beneficiaries:
$MU
$SKHY
Samsung
The AI race is no longer just about compute.
It’s becoming a memory race.
Companies that secure advanced HBM capacity will gain a major advantage as AI infrastructure scales.
How tight do you expect HBM supply to remain through 2028?
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