---
title: "QUICK SPARK: AI Memory Demand May Stay Tight Until 2028, CEO Says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294099106.md"
description: "GraniteShares CEO Will Rhind predicts AI high-bandwidth memory (HBM) demand will outpace supply until 2028, as production capacity cannot expand quickly enough to meet hyperscaler infrastructure spending. This view suggests Wall Street underestimates the duration of the shortage, reinforcing a bullish outlook for HBM suppliers like SK Hynix, Samsung, and Micron despite recent stock rallies."
datetime: "2026-07-28T17:45:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294099106.md)
  - [en](https://longbridge.com/en/news/294099106.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294099106.md)
---

# QUICK SPARK: AI Memory Demand May Stay Tight Until 2028, CEO Says

While memory stocks have surged alongside **Nvidia Corp.**‘s (NASDAQ:NVDA) AI-fueled rally, **GraniteShares** CEO **Will Rhind** believes Wall Street is still underestimating how long the shortage of high-bandwidth memory (HBM) could last.

“What’s priced in is the last twelve months,” Rhind told Benzinga in an exclusive email interview. “What’s hard to price is a shortage that may not clear until 2028.”

HBM has become one of the most critical components in AI servers, enabling Nvidia’s latest GPUs to process massive AI workloads. Demand has surged as hyperscalers including **Microsoft Corp.** (NASDAQ:MSFT), **Alphabet Inc.** (NASDAQ:GOOGL) (NASDAQ:GOOG), **Amazon.com Inc.** (NASDAQ:AMZN) and **Meta Platforms Inc.** (NASDAQ:META) continue pouring billions into AI infrastructure.

Unlike traditional memory, however, HBM capacity cannot be expanded overnight. Production requires advanced manufacturing, packaging, and years of investment, creating supply constraints that Rhind believes could persist well beyond current market expectations.

“Capacity takes years to build, and the AI buildout isn’t slowing,” he said.

The comments reinforce the bullish outlook for leading HBM suppliers such as **SK Hynix Inc.** (NASDAQ:SKHY), **Samsung Electronics Co., Ltd.** (OTC:SSNLF) and **Micron Technology, Inc.** (NASDAQ:MU), even after their strong AI-driven gains.

For investors, the key takeaway is that while memory stocks have already rallied sharply, the industry’s supply-demand imbalance may prove more durable than the market currently anticipates if AI infrastructure spending continues at its current pace.

_Image via Shutterstock_

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