📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Bernstein Reaffirms Bullish View on Memory Chipmakers After Major AI Partnerships - $NVIDIA(NVDA.US) $SK Hynix(SKHY.US) $Micron Tech(MU.US) $Sandisk(SNDK.US) $Western Digital(WDC.US) $Seagate Tech(STX.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗕𝗲𝗿𝗻𝘀𝘁𝗲𝗶𝗻 reiterates a bullish outlook on 𝗺𝗲𝗺𝗼𝗿𝘆 𝗰𝗵𝗶𝗽𝗺𝗮𝗸𝗲𝗿𝘀.

➤ 𝗦𝗞 𝗛𝘆𝗻𝗶𝘅 and 𝗡𝗩𝗜𝗗𝗜𝗔 announced a partnership worth over $𝟱𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ 𝗦𝗮𝗺𝘀𝘂𝗻𝗴 and 𝗕𝗿𝗼𝗮𝗱𝗰𝗼𝗺 signed a $𝟮𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 memory and foundry agreement.

➤ SK Group is pursuing an additional $𝟮𝟱𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in memory partnerships.

➤ Bernstein says AI leaders are securing long-term 𝗛𝗕𝗠 memory supply.

➤ Analysts expect around $𝟭.𝟯 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 in annual memory revenue for 2027 and 2028.

➤ Bernstein says recent memory sector weakness presents a 𝗴𝗼𝗼𝗱 𝗲𝗻𝘁𝗿𝘆 𝗽𝗼𝗶𝗻𝘁.

➤ Bernstein rates 𝗦𝗮𝗺𝘀𝘂𝗻𝗴, 𝗦𝗞 𝗵𝘆𝗻𝗶𝘅, and 𝗠𝗶𝗰𝗿𝗼𝗻 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺.

➤ Analysts expect minimal impact on 𝗧𝗦𝗠𝗖 from the announced agreements.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Reinforces 𝗛𝗕𝗠 as the key bottleneck in AI infrastructure expansion.

➤ Long-term supply deals improve visibility for memory makers' future revenue.

➤ Securing memory supply supports AI growth plans at 𝗡𝗩𝗜𝗗𝗜𝗔 and 𝗕𝗿𝗼𝗮𝗱𝗰𝗼𝗺.

➤ Positive outlook could strengthen investor sentiment toward AI memory stocks.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗠𝗮𝗿𝗸 𝗟𝗶, Bernstein Analyst:

"We believe the announced amounts are more for memory and indicate the need for NVIDIA & Broadcom to secure memory supply."