HSBC Sees Storage Supercycles Extending to 2027 as HBM4 Adoption Accelerates

HSBC-0.97%
SKHY-8.78%
SKHYV-0.98%
According to HSBC research published on July 14, storage supercycles are likely to continue longer than currently anticipated, driven by AI-powered productivity gains and sustained cloud spending. HSBC analysts project that hyperscale cloud providers will maintain aggressive capacity expansion to capture growing demand, with next-generation HBM4 memory entering the market supporting price growth. SK Hynix, with significant HBM exposure, is HSBC's preferred South Korean tech stock pick. HSBC forecasts SK Hynix will maintain 50-55% share of the HBM market when HBM4 reaches mass deployment in 2027.
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