Citigroup analyst Peter Lee believes that investors should start buying shares of leading memory chip manufacturers. Demand related to artificial intelligence may cause a serious shortage of semiconductor supply next year. Peter Lee said that market concerns about weakening demand have been exaggerated. The market has underestimated the demand for high-bandwidth memory next year, and companies such as Broadcom and Google are placing large orders. Citi expects demand for HBM bits to rise sharply to 75.2 billion gigabits year on year in 2027. Peter Lee currently gives SK Hynix a “buy” rating, with a target price of 3 million won.

Zhitongcaijing · 2d ago
Citigroup analyst Peter Lee believes that investors should start buying shares of leading memory chip manufacturers. Demand related to artificial intelligence may cause a serious shortage of semiconductor supply next year. Peter Lee said that market concerns about weakening demand have been exaggerated. The market has underestimated the demand for high-bandwidth memory next year, and companies such as Broadcom and Google are placing large orders. Citi expects demand for HBM bits to rise sharply to 75.2 billion gigabits year on year in 2027. Peter Lee currently gives SK Hynix a “buy” rating, with a target price of 3 million won.