Key points
HBM bit supply/demand and glut ratio, 2023-2028E ｜ Deficit of -20% in 2026E, -19% in 2027E, -16% in 2028E, a persistent shortage
Image source: @pequityresearch
2026-09-24
J.P. Morgan Sees HBM Supply Shortfall of About 16%-20% Through 2028
HBM bit supply/demand and glut ratio, 2023-2028E ｜ Deficit of -20% in 2026E, -19% in 2027E, -16% in 2028E, a persistent shortage
Image source: @pequityresearch