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On October 25, 2026, Nomura Securities put forward a judgment that the memory chip shortage will persist until 2028, and stated that market concerns about the outlook for AI investment constitute an "overreaction," and that the valuation of the memory sector has been severely undervalued. Cailianshe reported that day that Nomura estimates global new data center capacity will grow by about 41% next year, rising from 22.3 gigawatts to 31.5 gigawatts; the combined net cash flow of nine semiconductor companies will increase from $282 billion in the second quarter of this year to about $2 trillion by the end of 2028, and Nomura maintained its "Buy" ratings on Samsung Electronics and SK Hynix. IT Home reported the same day that Nomura predicts global memory chip demand will continue to grow rapidly through 2028, giving Samsung Electronics and SK Hynix target share prices of 670,000 won and 4.7 million won respectively, and estimating that the combined revenue of OpenAI and Anthropic in the third quarter of this year grew 507% year-on-year. There are currently no subsequent developments.
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- Source:Cailian Press
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Oct 27
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A-share ChiNext and STAR 50 fell collectively, banks bucked the trend and rallied with CCB hitting a new high, Zhipu rose over 9%
On October 27, the three major A-share stock indices opened higher and then fluctuated downward, with the ChiNext Index down 0.45% and the STAR 50 down over 1% in the half-day session. The banking sector bucked the trend and strengthened, with China Construction Bank hitting a new all-time high and Shanghai Rural Commercial Bank rising nearly 4% to a new high for the year. Hong Kong's Hang Seng Tech Index fell 0.77%, the AI large-model sector rebounded, and Zhipu surged over 9%, after Anthropic previously filed for an IPO and OpenAI launched GPT-6.1 Terra. Biomedicine underwent a significant correction, with CRO and innovative drug stocks all declining, while the humanoid robot concept remained continuously active.
Oct 25
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Nomura: Memory Chip Demand to Keep Growing Rapidly Through 2028, AI Investment Outlook Overly Feared
Nomura forecasts that global memory chip demand will continue to grow rapidly through 2028, and has given Samsung Electronics and SK Hynix "Buy" ratings with target prices of 670,000 won and 4.7 million won, respectively. The firm estimates that OpenAI and Anthropic together saw revenue grow 507% year-on-year in the third quarter of this year, and believes the market overestimates the risk of AI companies cutting demand. Global data center capacity additions are expected to be 22.3GW this year and rise to 31.5GW next year.
Cailian Press
Nomura: Memory Chip Shortage to Persist Until 2028, AI Capex Remains Resilient
Nomura Securities believes that market concerns about the outlook for AI investment are "overreactions," that the memory chip shortage will persist until 2028, and that memory sector valuations are severely undervalued. It estimates that global new data center capacity will grow about 41% next year, from 22.3 gigawatts to 31.5 gigawatts; the combined net cash flow of nine semiconductor companies will rise from $282 billion in the second quarter of this year to about $2 trillion by the end of 2028. Nomura maintains "Buy" ratings on Samsung Electronics and SK Hynix.