Bernstein bullish on storage through 2027: What sustains this bull run? The answer lies in the AI data flood!

If AI is compared to a high-speed train, then storage is the track carrying data.

Bernstein recently stated that the global storage chip boom is expected to continue until 2027, a view that quickly sparked market discussion. Many are concerned whether this bull run is short-term speculation or a genuine reflection of industry trends.

The answer may lie in the data itself.

Nowadays, large model training generates massive amounts of data every day, with new applications such as video generation, autonomous driving, cloud computing, and smart manufacturing emerging continuously, leading to exponential growth in data scale. All data requires storage, reading, and high-speed transmission, which continuously enhances the importance of storage chips.

At the same time, the technical threshold for high-end products continues to rise. Products such as HBM, DDR5, and enterprise SSDs not only have strong demand but also relatively high profit margins, providing solid support for the overall profitability of the industry.

In addition, global leading manufacturers have increasingly emphasized capital discipline in recent years, reducing disorderly capacity expansion and focusing more on product structure upgrades and profit quality. This supply-side change also gives the industry cycle stronger sustainability.

Of course, variables remain in the future. For example, a slowdown in global economic growth, changes in AI investment pace, and geopolitical factors could all affect industry performance. Therefore, any forecast requires dynamic observation based on actual market changes.

However, from an industrial development perspective, the digital economy is still expanding rapidly, AI applications are still in their early stages, and global demand for high-performance storage will likely continue to grow.

Perhaps for this reason, more and more institutions are beginning to believe that this rise in the storage industry is not just a simple cyclical rebound, but a new growth phase driven by the AI revolution. Whether the storage industry can fulfill this expectation in the next two years is worth continuous market attention. #伯恩斯坦称存储牛市可持续至2027年