The analysis suggests that while memory shortages may persist through 2027, the market is already pricing in an easing of the supply-demand imbalance from 2028 onward, driven by massive fab expansion plans from Samsung Electronics and SK Hynix. It questions the traditional two-quarter anticipation rule for memory stock peaks, suggesting the market could price in peaks further in advance.
Memory stock prices may already reflect future supply increases from 2028, challenging near-term bullish predictions despite current shortages.