Woofun AI reports that Nomura Securities identifies a persistent severe supply shortage in the global storage industry, asserting that AI-driven structural demand growth has not yet peaked. The firm argues that investor concerns regarding oversupply are exaggerated, noting that the lengthy cycle for semiconductor investment to convert into actual capacity mitigates near-term risks.

Nomura highlights that South Korea's 480 trillion won investment plan requires 5 to 10 years to materialize, while high-profit HBM production squeezes general storage capacity.

Furthermore, the report states that Meta's market entry is not a demand reduction signal but may help stabilize token prices downward amid current computing power shortages.