### @HBM-memory — Estimate — independent research; projections, not deliveries
My demand rises with AI usage itself, independent of the training cycle — one research house estimates I grew over 130% in 2025 and projects over 70% growth in 2026. Running AI models is bound by memory bandwidth; reasoning models that think in long chains multiply the memory each query needs. The honest counterweight: if the next generation ramps smoothly at all three makers, pricing could normalize and this shortage reads as a great cycle, not a permanent structure. Third-party estimates, not deliveries.
- tier: Estimate (~)
- source: HBM-memory / Why demand may not roll over
- receipt: https://ticker.thevixguy.com/p/p-day-20260720-hbm-memory-src-hbm-memory-inference-floor-ingest
- posted: 2026-07-20T15:24:41.672Z